Olav Thon Foundation

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The Olav Thon Foundation (Norwegian : Olav Thon Stiftelsen) is a Norwegian foundation and as such the biggest in Norway.

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In accordance with its statutes, the Olav Thon Foundation's primary activity is to own the Olav Thon Group, including the hotel chain Thon Hotels. [1] This makes the foundation a sizable business sector participant and one of the country's bigger real estate owners. The foundation's capital is approximately 25,4 billion crowns, [1] of which 15 billions are so-called unattackable.

Additionally, the Olav Thon Foundation gives annual economic support to scientific projects within mathematics, natural science, and medicine. [1] This includes up to ten annual prizes of 500,000 crowns each, given to Norwegian or foreign scientists, and an annual international prize of five million crowns. [1]

The Olav Thon Foundation was established on 10 December 2013 in Oslo by Olav Thon. [1] [2]

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