December 2, 2024
Hurtigruten has been acquired by a consortium of existing investors and has received approximately EUR 110m in new, long-term funding. The new setup provides a solid base for the future growth and continued development of Hurtigruten as Norway’s leading coastal cruise line.
- The closing of this transaction will mark the completion of the process to separate Hurtigruten from HX (Hurtigruten Expeditions).
- The transaction will significantly reduce outstanding debt of the Company and its parent group by over EUR 1bn, resulting in remaining debt of approximately EUR 400m, and extending the maturities to at least 2030.
- Hurtigruten will continue as a standalone company, headquartered in Oslo.
- Hurtigruten will own and operate its 10 ships under the Norwegian flag.
Source: Hurtigruten on MyNewsDesk
Photo: Agurtxane Concellon
