# Smisto Kraft

> Legal entity — legal form YI42, registered in NO

**Wikidata**: [Q101089028](https://www.wikidata.org/wiki/Q101089028)  
**Source**: https://4ort.xyz/entity/smisto-kraft

## Summary
Smisto Kraft is a business entity organized as an *aksjeselskap* (Norwegian stock company) located in Norway. It is owned equally by Helgeland Kraft Vannkraft and another entity (identified as Q84324944), and it operates under the Norwegian organisation number 915372805.

## Key Facts
- **Location:** Norway.
- **Entity Type:** Business (instance of organization undertaking commercial, industrial, or professional activity).
- **Legal Form:** *Aksjeselskap* (Norwegian limited liability company).
- **Ownership:** Split 50/50 between Helgeland Kraft Vannkraft and entity Q84324944.
- **Norwegian Organisation Number:** 915372805.
- **OpenCorporates ID:** no/915372805.
- **Legal Entity Identifier (LEI):** 549300XY4YEFL1NGIB32.

## FAQs
**What is the ownership structure of Smisto Kraft?**
The company is jointly owned by Helgeland Kraft Vannkraft and entity Q84324944, with each holding a 50% stake.

**What is the legal status of Smisto Kraft?**
It is registered as an *aksjeselskap*, which is the Norwegian legal term for a limited liability stock company, classifying it as a juridical person and economic entity.

**How is Smisto Kraft identified in international databases?**
The entity holds a Legal Entity Identifier (LEI) of 549300XY4YEFL1NGIB32 and is listed in OpenCorporates with the ID no/915372805, referencing its Norwegian organisation number 915372805.

## Why It Matters
Smisto Kraft represents a specific instance of a business entity operating within the Norwegian economic framework. Its significance lies in its structural composition as a joint venture (indicated by the equal ownership split) within the energy sector, suggested by the "Kraft" (power) and "Vannkraft" (hydropower) naming conventions of the company and its owner. As a legally recognized *aksjeselskap*, it serves as a unit of economic activity with the inherent goal of generating profit, managed under the jurisdiction of Norway's commercial laws.

## Notable For
- **Joint Ownership Structure:** Being equally owned by two distinct entities, a specific arrangement documented in its structured data.
- **Norwegian Corporate Classification:** Serving as a clear example of an *aksjeselskap*, the standard legal form for commercial enterprises in Norway.
- **Persistent Identification:** Possessing a full suite of corporate identifiers, including an LEI code and OpenCorporates ID, ensuring transparency in global business registries.

## Body
### Definition and Classification
Smisto Kraft is defined as a **business**, which places it in the category of organizations undertaking commercial, industrial, or professional activities. Structured properties identify it as a subclass of an **organization**, an **economic entity**, and a **juridical person**. Its specific legal form is listed as **aksjeselskap**, the standard designation for a Norwegian stock company. This classification implies the entity operates with the goal of generating profit or economic gain, consistent with the general definition of a business.

### Ownership and Corporate Structure
The ownership of Smisto Kraft is precisely divided between two parties. According to structured data, the entity is **owned by**:
- **Helgeland Kraft Vannkraft** (50% share).
- **Entity Q84324944** (50% share).

This equal division indicates a partnership or joint venture structure. The entity functions as a distinct legal person separate from its owners, capable of holding assets and entering into contracts.

### Identification and Registry Data
Smisto Kraft is tracked through multiple identification systems, reflecting its integration into Norwegian and international business registries:
- **Norwegian Organisation Number:** 915372805. This unique identifier is referenced by OpenCorporates.
- **OpenCorporates ID:** no/915372805. This entry was last referenced on September 24, 2020.
- **Legal Entity Identifier (LEI):** 549300XY4YEFL1NGIB32. This code is used to identify the entity in global financial transactions.

### Geographic Context
The entity is located in **Norway**, a country in Northern Europe. Norway operates as a constitutional monarchy and representative democracy with a high standard of living. The business environment in Norway is characterized by a robust legal framework for *aksjeselskap* entities, including specific regulations for registration, taxation (such as a 25% VAT rate), and corporate governance. Smisto Kraft operates within this specific economic and legal jurisdiction.