Budget airline Norwegian Air said today it has agreed to buy package holiday company Nordic Leisure Travel Group for around 7.94 billion Swedish crowns ($842.90m) in cash and stock.
Norwegian is buying Petter Stordalen's travel group NLTG for nearly 8 billion kronor. The package includes Ving, among other things. "A 'match made in heaven'", Petter Stordalen cheered at the press conference.
Norwegian Air is buying Petter Stordalen's hotel and travel group Nordic Leisure Travel Group (NLTG), which includes Ving and Spies, among others. The price tag: almost 8 billion Swedish kronor.