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OSLO, March 31 (Reuters) – The founder and former chairman of Norwegian Air NWC.OLhave decreased their shared stake to 4.64% from 9.99% every week in the past, Bjoern Kjos and Bjoern Kise stated on Tuesday.
Kjos and Kise, who’re now not concerned within the administration of Norwegian, have progressively lower the stake within the firm, which is looking for authorities assist in a bid to beat the coronavirus disaster.
Their funding agency HBK Holding now owns 7.58 million shares, down from 16.36 million shares on March 24 and 19.6 million in mid-February.
Norwegian shares have been buying and selling at about 9.2 Norwegian crowns on Tuesday, which might worth the stake sale at roughly $6.7 million.
Norwegian has grounded most of its plane and briefly laid off 90% of workers as a result of coronavirus outbreak, amounting to about 7,300 individuals.
Norway has launched a rescue package deal for Norwegian Air topic to a variety of circumstances.
($1 = 10.4600 Norwegian crowns)
(Reporting by Terje Solsvik, enhancing by Gwladys Fouche)
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