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SAS: agreements with Estonian Government to sell Estonian Air's shares
Stockholm, Sweden - The transaction will not influence on the commercial existing relationships between two carriers. Ok by Parliament is expected
Since 2003 SAS has a 49% ownership in the Estonian based Estonian Air. According to the Core SAS strategy with focus on the Nordic home market this stake has been set out for divestment. Today, the SAS Group has reached an agreement with the Estonian Government that will result in SAS divesting its 49% stake. The Estonian Government will provide approximately MSEK 200 in a new rights issue and...
fra/pec - 1120821
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency