Norway’s Ministry of Trade, Industry, and Fisheries announced on June 4 the sale of its entire 6.26% stake in Norwegian Group, the parent of Norwegian Air Shuttle AOC and Norwegian Air Sweden AOC.

The government agreed to sell the shares at a price of NOK13.60 kroner (USD1.35) per share and will pocket NOK891.9 million (USD88.5 million) on completion of the transaction. This will translate to NOK276 million (USD27.4 million) net profit.

The news about the divestment comes less than a month after the…

Source: ch aviation
Read more: Government sells its equity in Norwegian Group