Published by Global Banking & Finance Review®
Posted on June 3, 2025
2 min readLast updated: January 23, 2026
Add as preferred source on GoogleNorway considers selling its 6.26% stake in Norwegian Air, valued at 922 million crowns, through an accelerated bookbuilding process.
COPENHAGEN (Reuters) -The Norwegian government has begun exploring the sale of its remaining 6.26% stake in Norwegian Air, the airline said on Tuesday.
The airline said in a statement that the ministry of trade, industry and fisheries was contemplating selling up to 65,582,436 shares in the company, equal to a stake of about 6.26%.
"If the demand and price in the offering is satisfactory, the seller may thus sell its entire shareholding in the company," Norwegian Air said.
The price in the offering will be set through an accelerated bookbuilding process and will be in Norwegian crowns, the company added.
Shares in Norwegian Air closed at 14.06 crowns on the Oslo stock exchange on Tuesday, prior to the announcement. At that price, the government's stake would be worth around 922 million Norwegian crowns ($91 million).
Norway's government said last month it was converting half of a rescue loan to Norwegian Air during the pandemic into a 6.37% stake in the company.
The government said at the time that any divestiture of its remaining participation in the airline would be considered based on developments in the market and the company.
($1 = 10.1283 Norwegian crowns)
(Reporting by Louise Breusch Rasmussen. Editing by Mark Potter)
The Norwegian government owns a remaining 6.26% stake in Norwegian Air.
The government is contemplating selling up to 65,582,436 shares in the company.
The price in the offering will be set through an accelerated bookbuilding process.
Shares in Norwegian Air closed at 14.06 crowns on the Oslo stock exchange prior to the announcement.
Last month, the government converted half of a rescue loan to Norwegian Air into a 6.37% stake in the company.
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