Hurtigruten is set for a re-listing on the Oslo Stock Exchange.
Investor and chairman of the company Trygve Hegnar, together with hotel tycoon Petter Stordalen and European fund TDR Capital, acquired the majority of the shares in 2015 and delisted the company.
Norwegian newspaper Finansavisen, owned by Hegnar, reports that Hurtigruten is in talks with several broking houses about a return to the stock exchange.
The company’s equity is now between NOK 9bn ($1,046m) and NOK 12bn. Results for 2016 are not yet available but according to the newspaper the figures were “outstanding”. In 2015 Hurtigruten logged a profit before taxes and depreciation of NOK 923m.
Hurtigruten, founded in 1893, operates 13 coastal ships and cruise ferries. Last year it signed for up to four 18,000-gt cruise ferries at the domestic Kleven yard costing $122m per ship.
A Hurtigruten spokesman referred questions to TDR, whose spokesman could not be reached for comment.
