Swedish state currently holds 21.4% of company
Sweden is looking for a buyer for struggling SAS, the country’s Financial Markets Minister Peter Norman says. The Swedish state currently holds 21.4% of the company, making it the biggest shareholder. Denmark and Norway each have 14.3% of the shares. Norway and Denmark have also tried, and failed, to sell their stakes in recent years.
“We had a process underway for a while to try to find buyers for the company,” the minister told the business newspaper Dagens Industri. “Now we’ll have to start again. We’ll contact potential buyers and see where we land.”
He added that the Swedish, Norwegian and Danish states have invested more than 10 billion kronor (€1.15 billion) over 10 years and that it would be “unreasonable to pump more billions into the company.”
But the minister is more optimistic this week. “My assessment is that before the agreement it was almost impossible to sell, but now I think the chances are better,” he said.
[photo courtesy SAS]