Hurtigruten to be bought by cruise operator’s investors

Norwegian cruise operator Hurtigruten has agreed to be bought by its investors in.a deal that will provide the company with €110 million in long-term funding.

The investors include Arini Capital Management, AlbaCore Capital and Barings, Hurtigruten said in a statement. Under the terms of the deal, the Oslo-based company will complete its separation from Hurtigruten Expeditions (HX).

Hurtigruten’s debt will decline by more than €1 billion to about €400 million as a result of the transaction. That will enable the business to maintain its position as the dominant cruise operator along Norway’s coastline.

The deal will likely be completed next month.

Hurtigruten expects its bookings to increase by about a quarter next year, with further growth in 2026. The company operates 10 ships and employs almost 2,000 people.