Shares in Per Saevik-backed ferry owner Fjord1 were trading upwards this morning after its promotion to the Oslo Stock Exchange.
Fjord1 stock was changing hands at NOK 34.50 each at the time of writing, having up 1.47% today.
Dagfinn Neteland, chief executive of the shipowner, says the promotion from Oslo’s Merkur Market to the main board is a “huge leap” for the company.
He says the move will give increased flexibility towards the capital markets at a time the company has major investments in new environmentally friendly vessels.
“Leading the way within the green shift, we see the need for good capital access,” Neteland said, noting Fjord1 will be the largest Oslo Listed company in Sogn of Fjordane.
Full time staff have been handed stock worth NOK 10,000.
