Former Norwegian leaders Bjørn Kjos and Bjørn Kise's investment company HBK Holding lost 709 million Norwegian kroner last year. Among other things, the company sold Norwegian shares, which caused the losses, writes E24.

HBK Holding was the largest owner of Norwegian as recently as 2018, with a quarter of the company, but six months later, when Børn Kjos was still CEO and Bjørn Kise was chairman of the board, the holding had been reduced to approximately 8 percent of the company. Since March 2019, the ownership has been constantly decreasing, to only comprise 100 shares in the company at the end of 2020, according to HBK's annual report for the year. 

Source: DI.SE