In late October, Trygve Hegnar launched a bid for the ferry and cruiseship company that values it at NOK 2.94bn.

He has teamed up with board member and Norwegian investor Petter Stordalen to form bidding vehicle Silk Bidco with European fund TDR Capital.

Silk and its indirect shareholders already control 42.2% of the company’s issued share capital.

In an independent statement issued today on the Oslo Stock Exchange by Arctic Securities, the investment banker described Hegnar’s offer as “fair” and recommended Hurtigruten’s shareholders accept it.

It