Friday, 29 June 2018

Norway sells off its stake in SAS

The Trade and Industry Minister of Norway has confirmed his country has sold its last remaining stake in Scandinavian Airlines, Torbjoern Roe Isaksen said Norway had sold 37.8 million shares, representing nearly 9.90 percent of the airline on Wednesday.

Torbjoern Roe Isaksen says the time was right and the sale will strengthen the carrier by reducing state ownership, “a good time to sell,  -  there is no reason to believe that a changed ownership will not affect jobs, (SAS’) grids or other operating conditions in the company.”