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
Norwegian Air Converts Part of Loan to Government Stake
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)
