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Budget airline Norse Atlantic up 5% in Oslo stock market debut

OSLO, April 12 (Reuters) - Norway's Norse Atlantic NORSE-ME.OL, a recently formed long-haul budget airline that plans to launch operations this year, made its Oslo stock market debut on Monday, trading up 5% in early trade.

Norse traded at 21 Norwegian crowns ($2.46) per share at 0731 GMT, up from a price of 20 crowns in a private placement late last month.

$1 = 8.5258 Norwegian crowns Reporting by Terje Solsvik; editing by Jason Neely

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