Two investment consortia have bought Hurtigruten Expeditions (HX) and Hurtigruten, accelerating the companies’ growth and innovation as well as finalising their separation from each other.
HX's buyout will finalise the separation from sister company Hurtigruten, formerly known as Hurtigruten Norway (Credit: Oscar Farrera/Hurtigruten)
HX announced on Friday (29 November) it had obtained new funding worth €140 million (£116.5 million) as part of its sale to asset management firms Arini Capital Management and Cyrus Capital Partners.
Meanwhile, sister company Hurtigruten confirmed it had received €110 million (£91.5 million) in new long-term funding from an investment group – also including Arini Capital Management as well as AlbaCore Capital and Barings – on Thursday (28 November).
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