Norway converts part of loan to stake in Norwegian Air
Published by Global Banking & Finance Review®
Posted on May 12, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on May 12, 2025
1 min readLast updated: January 23, 2026
Norwegian Air will repay half of its loan to Norway, converting the rest into a 6.37% equity stake, stemming from its 2021 reconstruction.
COPENHAGEN (Reuters) -Norway said on Monday Norwegian Air 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.
(Reporting by Stine Jacobsen, editing by Anna Ringstrom)
The main topic is Norwegian Air's conversion of part of its loan from the Norwegian government into an equity stake.
After the conversion, the Norwegian government will own a 6.37% stake in Norwegian Air.
The loan conversion is part of Norwegian Air's financial restructuring plan initiated in 2021.
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