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SAS AB Completes Sale of 80% of Shares in Wideroee Flyveselskap AS

Monday, 30 Sep 2013 08:30am EDT 

SAS AB announced that on September 30, 2013 the Company has transferred 80% of the shares in Wideroee Flyveselskap AS to an investment group consisting of Torghatten ASA, Fjord1 AS and Nordland Fylkeskommune. The total transaction proceeds amount to approximately SEK 2 billion, including aircraft related transactions, which will reduce SAS' net debt by a corresponding amount. The transaction was announced on May 3, 2013 and was expected to be completed during September 2013. 

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10:29am EST