Norwegian reinforces finances by selling out of bank
Norwegian is selling out of Norwegian Finans Holding, the parent company of Bank Norwegian, divesting its entire shareholding for NKr2.2b (US$246m). The carrier says it intends to "strengthen" its core airline operation through the divestment. It states that the transaction will have a net cash effect of NKr934m and a "positive effect" on book equity of NKr196m compared with the figure at June 30 this year. Norwegian Finans Holding is owned by various institutional and private investors and the airline is the largest owner with a share of about 17.5%. Its Bank Norwegian division started operating in 2007 and offers digital banking services including loans, accounts and credit cards to retail customers. The company has a presence across the Nordic market. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-08-20/unaligned/norwegian-reinforces-finances-by-selling-out-of-bank
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Norwegian reinforces finances by selling out of bank
Norwegian is selling out of Norwegian Finans Holding, the parent company of Bank Norwegian, divesting its entire shareholding for NKr2.2b (US$246m). The carrier says it intends to "strengthen" its core airline operation through the divestment. It states that the transaction will have a net cash effect of NKr934m and a "positive effect" on book equity of NKr196m compared with the figure at June 30 this year. Norwegian Finans Holding is owned by various institutional and private investors and the airline is the largest owner with a share of about 17.5%. Its Bank Norwegian division started operating in 2007 and offers digital banking services including loans, accounts and credit cards to retail customers. The company has a presence across the Nordic market. <br/>
