Shares in Norwegian nosedive after rights issue announcement

Aidan Gregory

January 29, 2019 02:30 pm

Norweigan_air_PA_230x150 — A Norwegian Airlines plane lands at Gatwick airport after the runway was re-opened this morning. All flights had been stopped and the runway closed after drones were spotted over the airfield Wednesday night and throughout Thursday. | John Stillwell/PA Wire/PA Images

Shares in Norwegian Air Shuttle, the Norwegian budget airline, fell 25% on Tuesday after the company announced an Nkr3bn (€308m) rights offer to avoid breaking its financial covenants following widening losses and an abandoned takeover attempt by IAG.

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Topics

Nordics Norway Equity Europe DNB Bank Follow-ons and Rights issues EMEA Danske Bank

AG

Aidan Gregory