Wednesday, October 12, 2016

Norway and Sweden will sell 19 million SAS shares – E24

the Case is updated.

It is about 19 million SAS shares together, according to press releases from both the Swedish and the Norwegian government on Wednesday evening.

Wednesday was a SAS-share priced at 16,40 Swedish krona, which provides aksjebunken the government will sell a market value of approximately 311 million Swedish krona.

as of today, the owner Sweden 21,3 per cent of the SAS. Norway’s ownership interest is 14.2 per cent.

“the Swedish and the Norwegian authorities estimate that the SAS in the long term will be strengthened by a changed ownership structure that involves a reduction of government ownership”, type the authorities.

Need to buy at least 100,000 euros

the Sale will be conducted through an accelerated auction process that will start immediately.

Aksjehandlene will be made in Swedish kronor. Least kjøpsordne is set to the amount corresponding to 100,000 euros.

Citigroup is assigned to the global coordinator and joint facilitator for the sale of aksjepostene. Nordea and Swedbank will also assist.

the Ministry of industry and ministry of fisheries will not comment on the aksjesalget beyond the press release, informs head of communications Trond Viken to E24.

SAS’ Norwegian manager Knut Morten Johansen has no comment.

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