Group of investors eye takeover of airline SAS, Swedish daily DI reports
A group of foreign investors is exploring a takeover of Scandinavian airline SAS, Swedish financial daily Dagens Industri reported late on Wednesday, citing anonymous sources. The investors have appointed advisors to help facilitate a takeover, but any investment in SAS would be conditional on cost cuts and a restructuring of the Stockholm-based carrier’s finances, according to the report. Loss-making SAS on Tuesday said it hopes to convert debt to equity and raise 9.5b Swedish crowns ($966m) in new cash, warning of liquidity problems if it falls short. The carrier, part-owned by Sweden and Denmark, has been struggling for years and on Tuesday said it had not yet made sufficient progress on a restructuring plan presented in February.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-06-03/star/group-of-investors-eye-takeover-of-airline-sas-swedish-daily-di-reports
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Group of investors eye takeover of airline SAS, Swedish daily DI reports
A group of foreign investors is exploring a takeover of Scandinavian airline SAS, Swedish financial daily Dagens Industri reported late on Wednesday, citing anonymous sources. The investors have appointed advisors to help facilitate a takeover, but any investment in SAS would be conditional on cost cuts and a restructuring of the Stockholm-based carrier’s finances, according to the report. Loss-making SAS on Tuesday said it hopes to convert debt to equity and raise 9.5b Swedish crowns ($966m) in new cash, warning of liquidity problems if it falls short. The carrier, part-owned by Sweden and Denmark, has been struggling for years and on Tuesday said it had not yet made sufficient progress on a restructuring plan presented in February.<br/>
