Norwegian State to Sell All Shares in Airline Norwegian

The Norwegian state is about to sell all its shares of Norwegian, writes Norwegian media.

The Ministry of Trade and Industry owns 6.37 percent of the shares in the airline, a holding worth approximately 925 million Norwegian kronor, equivalent to approximately 875 million Swedish kronor.

The announcement comes just a month after the state announced that it would convert a loan given to Norwegian into shares and thereby became a part-owner of the company.

The state provided a loan during the pandemic and instead of paying back the entire loan, Norwegian gave the state a shareholding.