The Norwegian state becomes a partner in Norwegian

The Norwegian state is converting a loan given to the airline Norwegian into shares and thus becoming a partner in the company. The Norwegian state gave a loan to the airline during the pandemic and instead of now paying back the entire loan, Norwegian is giving the state an ownership stake, writes NRK. – We are very pleased with this transaction, which is a very good deal ...

The transaction results from the repayment of half of a permanent convertible debt contracted by the airline to the Norwegian government in 2021.

The Norwegian state will become a shareholder in Norwegian with a 6.4 percent stake. This is stated in an announcement received by the Norwegian Stock Exchange this morning. NRK reports this.

A corona loan from the Norwegian state has been converted into an ownership stake in the airline Norwegian

The Norwegian state will become a shareholder in Norwegian with 6.4 percent of the shares. This is stated in a stock exchange announcement on Monday morning. During the corona period, the state gave an emergency loan to the airline. Instead of Norwegian now having to repay the entire loan, the state will receive an ownership stake. In addition to shares, the state will also be repaid half of the loan of 1.2 billion kroner. – We are very satisfie…

The Norwegian state will own just over six percent.