SAS Agrees To Estonian Exit

By Jens Flottau

SAS Group and the Estonian government agreed on a phased exit of the Scandinavian airline as a shareholder of Estonian Air.

SAS will not participate in a capital increase at Estonian that is led by the government. That will boost the government stake to 90% while it will dilute SAS's shareholding in the airline from 49% to 10%. After four years, SAS can sell the ...

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