The Olav Thon Foundation was founded in December 2013 and upon its establishment, Olav Thon transferred all his shares in Olav Thon Gruppen AS to the Foundation. The Foundation’s purpose is to ensure stable and long-term ownership of the Olav Thon Group and its subordinate agencies. The Foundation can also distribute funds for charitable purposes.
: https://www.thonhotels.com/about-thon-hotels/about-the-olav-thon-group/

