OSLO (Reuters) - Norwegian Air’s (NWC.OL) deeply discounted 400 million crowns ($39 million) share issue, part of the company’s financial rescue plan, has now been oversubscribed by investors, the budget carrier said on Thursday.
The airline’s new shares are sold at just 1 crown each, 76% below Wednesday’s closing price of 4.16 crowns.
Reporting by Terje Solsvik; Editing by Victoria Klesty
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May 07, 2020 at 02:10PM
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Norwegian Air says share issue oversubscribed - Reuters
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