SAS Books $680M Capital Gain From Spinoff Of Rezidor
Scandinavian airline SAS Group completed the spinoff of its hotel business, Rezidor Hotel Group AB, which started trading on the Stockholm stock exchange Nov. 28. The offer of 65% of the share and voting capital of Rezidor was nine times oversubscribed. SAS will cash in some SEK5.7 billion (US$827...
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