Norway’s Ministry of Trade, Industry, and Fisheries has announced the sale of its entire 6.26pc stake in Norwegian Group.
The government sold shares at NOK13.60 kroner ($1.35) each, resulting in NOK891.9m (€97.4,) from the transaction.
This sale will yield a net profit of NOK276m ($27.4m) for the government.
Less than a month prior, the ministry converted half of its $115m COVID-era loan to Norwegian Group into equity.
Minister of Trade and Industry Cecilie Myrseth shared, “The goal for the state has been to achieve a commercial return. I am pleased that the state, through its participation in the loan, has contributed to the company’s survival.“
