Governments look to offload SAS stakes

     
   
     

Denmark, Norway and Sweden are all considering the possibility of offloading their stakes in cash-strapped SAS, the Scandinavian multi-national airline.

After Sweden last week officially announced that it was considering dropping its 21.4% stake in SAS both Norway and Denmark, each holding a further 14.3% stake, confirmed that they too could consider selling their shares.

The other 50% of SAS is already publicly held.

“[We are] asking for a mandate from parliament to reduce the state’s ownership in SAS at a suitable point in time,” said Sweden in a statement.

It’s understood that Sweden is looking to sell-off a portion of its stake, and is unlikely to let the airline entirely out of its grasp.
 
Source = e-Travel Blackboard: W.X
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