Printer Friendly

TFDS increases shareholding in Troms Innland Rutebil AS.

NORDIC BUSINESS REPORT-13 June 2003-TFDS increases shareholding in Troms Innland Rutebil AS(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian public transport and ferry company Troms Fylkes Dampskibsselskap ASA (TFDS) said on Thursday (12 June) that it had agreed to acquire a further 50,910 shares in the public transport company Troms Innland Rutebil AS.

The shares were acquired for NOK480 per share for a total of NOK24.4m, which values Troms Innland Rutebil at approximately NOK180m.

The acquisition increased TFDS's holding in Troms Innland Rutebil to approximately 20% and made it the largest shareholder.

One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

COPYRIGHT 2003 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Troms Fylkes Dampskibsselskap ASA acquires more shares in Troms Innland Rutebil
Publication:Nordic Business Report
Geographic Code:4EXNO
Date:Jun 13, 2003
Words:121
Previous Article:Proffice AB acquires majority stake in ProffCom.
Next Article:Active Biotech AB rejects USD20m claim by PowderJect Pharmaceuticals Plc.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |