Norway to invest $107 million in Ukraine, aims to boost defence

OSLO, Nov 3 (Reuters) - Norway's government said on Tuesday that it is setting aside 1 billion Norwegian crowns ($107.60 million) for investments in Ukraine to be made in partnership with the Nordic country's business sector.

• The funding is intended to help mobilise further Norwegian private capital for investments in the Ukrainian defence industry, the government said in a statement

• "Norwegian investments can help the Ukrainian defence sector to develop even more rapidly," said Norway's Minister of Industry and Commerce Cecilie Myrseth

• Norway's state-owned investment company Investinor will manage the scheme

($1 = 9.2940 Norwegian crowns)

(Reporting by Terje Solsvik, editing by Louise Rasmussen)