In the general meeting held in December, two of the largest owners of Color Line, Vital Forsikring and the Government Pension Fund of Norway, both were opposed to the merger, as they felt the purchased companies were overvalued. Color Air was at the time valuated at NOK 157 million.
At a general meeting in December, two major shareholders of Color Line, Vital Forsikring and the Government Pension Fund of Norway, voiced their opposition to the merger. They felt that the acquired companies were overpriced, with Color Air being valued at NOK 157 million at the time.