Complex sentence: Hakon was meant to be Cnut's lieutenant in this strategic chain, and the final component was his installation as the king's deputy in Norway, after the expulsion of Olaf Haraldsson in 1028.
Split into simpler sentences: Hakon was meant to be Cnut's lieutenant of this strategic chain. And the final component was his installation as the king's deputy in Norway, after the expulsion of Olaf Haraldsson in 1028.