That's at least some positive news.
The government has set several conditions for participating in the reconstruction, which includes:
The company must be provided with the necessary new capital of at least NOK 4.5 billion, mainly from institutional and strategic investors.
Participation in a hybrid loan will take place on market terms.
It is a prerequisite that the company finally receives approval of an overall restructuring plan within the framework presented by the company.
State participation in Norwegian's restructuring is subject to the Storting's approval.
Ministry of Trade and Industry
Ministry of Transport
THEME
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