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The Swedish Government is looking for interested stake owners for SAS
Wednesday, 15 February 2012
The Scandinavian Airline System, SAS, is owned largely by the Scandinavian governments with 50.4 percent ownership spread between Sweden, Denmark and Norway. Now sources say according to reports in Swedish media that the government is looking for a new owner for the airline.
The story that SAS would be sold is not a new story. It has been talked about many, many times. As recently as last April, the Swedish government said that it aimed to reduce state ownership in the airline. Similar requests have been considered by both the Danish and Norwegian Governments which we had reported on this network.
After the bankruptcy of Spanair earlier this year which SAS was extremely exposed to, the governments’ feels that it makes sense to start offloading the company. SAS owns 10.9 percent of Spanair and the bankruptcy will see an impairment of Skr 1.7 billion for SAS.
According to the reports circulating in Swedish media, advisers for the sale of the company have been asked to make suggestions on how a sale can be made.
SAS’s bad economy and the uncertain situation in the airline industry makes it is probably difficult to find a buyer.
Previously, Lufthansa had shown interest in buying the company a while ago. It was also rumoured that Qatar Airways would be a potential partner for the Scandinavian airline, but no information has yet been confirmed.
By Scancomark.se Team
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