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Andresen out of the Norwegian

(On:) Ferd's ceo Morten Borge confirmed Friday afternoon facing Dagens Næringsliv klassekampen that all the shares in the Process-the system has had in English is sold.

On the last aksjonærutskriften stood Ferd Invest's listed as the airline's fourth largest shareholder with just over 1.6 million shares, a stake of close to 3.6 per cent.

Just before the close of business on Friday was Norwegian shares traded for 107,65 million, down 4,31 per cent. Year to date the stock has fallen 38 percent. Only the last week is the fall 18,54 per cent.

If all the shares had been sold on this course would loss for Ferd Invest probably been close to 250 million .

This is based on the previous information that the company had an average cost price of the shares at 260 crowns.

But probably the sales happened over a few days and a bit higher rates. Two weeks ago, Norwegian shares traded 142,85 million.

"Financial investment"

"the Process has had a financial investment in Norwegian, and we can confirm that we now have sold," writes Borge.

"We have supported the company a long time, but in connection with the planned offering, we have made a new assessment, and concluded that we wanted to sell. At the same time we are impressed with what the company has built up, to the delight of the air passengers would, and hope the company successfully to get the operation profitable again," writes Borge in his response to DN.

By the end of april in the year was About the fifth largest owner in Norwegian with 4.2 per cent of the shares at a total value of nok 500 million.

the Process appeared on the aksjonærlisten in Norwegian in 2015. The airline has since struggled with uncertainty about their financial liabilities.

Based on an average cost of around 260 million in Norwegian, had About nine months ago an unrealized gain of over nok 200 million.

Not the first time

"In the Process, we focus on the long-term value creation and the contribution we can give to the companies as the owner. Stock price jumps and bounces, and we keep quiet both when it falls and rises, although fluctuations may be strong", said ceo Morten Borge to Mallorca in april of last year.

Andresen-the company has been in and out of English also in the past. In 2008 got rid Ferd Invest with the Philippine stocks well two months after placement in the carrier.

The time came to pass the divestment in the course of a few days, while the rate was just under 30 million.

Ferd took part in a share issue that innbragte 400 million to the Norwegian in the end of august 2008. Emisjonskursen the time was on 34,80 money.

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