Carnegie acted as sole financial adviser to Ofotens og Vesteraalens Dampskibsselskab ASA (OVDS) in the merger with Troms Fylkes Dampskibsselskap ASA (TFDS). The merged company, which has been named Hurtigruten Group ASA, will be a leading company within Explorer cruise, Tourism and Public transport. Hurtigruten Group is headquartered in Norway and listed on the Oslo Stock Exchange with the ticker HRG. The company will have an annual turnover of about NOK 4 billion and approximately 3,400 employees. December, 2005.