SAS may sell its 37.5% share in Air Greenland

Airline Color Scheme - Introduced 2002

SAS issued this statement:

 

The Government of Denmark and the Government of Greenland have on September 10, 2018 come to a political agreement in which it is mentioned that the Government of Greenland will look into acquiring the shares in Air Greenland owned by the Danish State.

The acquisition is conditional on the two parties reaching satisfying agreements on a number of issues, including a satisfying agreement on the valuation of the shares.

Furthermore, the acquisition of the shares owned by the Danish State is conditional on getting the necessary approvals from the relevant authorities.

Following the political agreement mentioned above, SAS and the Government of Greenland also announce that the Government of Greenland will consider buying the 37.5% stake in Air Greenland owned by SAS.

This potential acquisition is subject to the same terms and conditions as outlined above, and conditional on SAS AB board approval.

Top Copyright Photo (all others by Air Greenland): Air Greenland Airbus A330-223 OY-GRN (msn 230) ZRH (Rolf Wallner). Image: 922693.

Air Greenland aircraft slide show:

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