12-05-2025
Norway converts part of loan to stake in Norwegian Air
COPENHAGEN, May 12 (Reuters) - Norway said on Monday Norwegian Air ( opens new tab would pay back half of a convertible loan to the state, and that the remainder of the state's shares in the loan would be converted into shares in the airline.
The government said in a statement its stake in the airline would after the conversion total 6.37%.
The state's shares in the convertible loan originates from Norwegian Air's reconstruction in 2021.
