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By Reuters Staff 2 Min Read OSLO/STOCKHOLM (Reuters) - Sweden’s Nordax Bank offered on Thursday to buy Oslo-listed Norwegian Finans Holding, the owner of Bank Norwegian, in a cash transaction valued at 17.8 billion Norwegian crowns ($2.10 billion). Norwegian Finans (NFH) shares surged 21% to trade at 99 crowns by 1057 GMT, above Nordax’s bid of 95, suggesting investors expect more bids could emerge. “Nordax strongly believes that Bank Norwegian will have excellent opportunities to further expand its business together with Nordax,” the Swedish firm said. Nordax said it had previously made undisclosed proposals to the board of NFH, although Thursday’s offer was higher and contained fewer conditions.

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