Norwegian Air Resources Holding (NARH) and OSM Aviation have signed an agreement to form a stronger global partnership in employment and management of aviation crew. The new partnership is formed by NARH acquiring a 50 percent stake in OSM Aviation. The joint company will furthermore acquire a 49 per cent stake in Norwegian’s companies in Spain, Finland and the UK as of June 30, 2016. The local companies are subsidiaries of NARH, which will retain the majority ownership in these companies. The closing of the agreement is subject to The European Commission approval under the EU Merger Regulation. The transaction

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