SAS Sells Wideroe Norwegian Regional Operation To Meet Debt Requirements
SAS Group has sold its highly profitable regional subsidiary Wideroe to a consortium of Norwegian investors. The investors, Torghattan ASA, Fjord1 and Nordland Fylkeskommune, now own an 80% stake in Wideroe, and hold an option to acquire the remaining 20% by 2016. The sale is one of the measures...
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