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Hurtigruten board launches takeover bid

Thursday, 30 October 20143 min read

The directors of Hurtigruten have backed plans for a takeover bid.

A group of investors, led by chairman Trygve Hegnar and board member Petter Stordalen, a wealthy hotel tycoon, are behind the bid and have the backing of private equity firm, TDR Capital.

The company has been valued at $444 million, according to Reuters.