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Norwegian Ministry Converts Bonds into Norwegian Air Shares

Story Highlights
  • Norwegian Air Shuttle ASA is a key player in the aviation industry, offering passenger services.
  • The Norwegian Ministry converted bonds into shares, impacting Norwegian Air’s shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Norwegian Ministry Converts Bonds into Norwegian Air Shares

Confident Investing Starts Here:

Norwegian Air Shuttle ASA ( (GB:0FGH) ) just unveiled an update.

The Norwegian Ministry of Trade, Industry and Fisheries has converted its bonds into 65,582,436 new shares of Norwegian Air Shuttle ASA, representing 6.37% of the company’s shares and votes. This move indicates a strategic financial adjustment that could influence the airline’s shareholder structure and potentially impact its market positioning.

More about Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA is a prominent airline company operating in the aviation industry, primarily offering passenger air transport services. The company focuses on providing affordable and efficient travel options across various destinations, contributing to its significant presence in the European market.

YTD Price Performance: 25.45%

Average Trading Volume: 7,274,259

Current Market Cap: NOK13.3B

See more insights into 0FGH stock on TipRanks’ Stock Analysis page.

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