sentences:  By 1905 then Anker had negotiated an investment agreement with Nils Persson of Sweden, who took over Anker's rights immediately after Anker had signed the contract.The company was established on 12 January 1906 with A. P. Pehrson appointed the company's first managing director.The share capital was set to 5 million Norwegian krone (NOK) and the majority shareholder was Metallurgiska.