Sweden and Norway sell stakes in Scandinavian AirlinesStaff Writer | October 13, 2016
The governments of Norway and Sweden sold some of their shares in Scandinavian Airlines, saying the move will strengthen the regional carrier by reducing state ownership.
Airline To strengthen private ownership
Maeland said the transaction was in line with the government's ambition "to strengthen private ownership."
The governments sold a total of 23 million shares, reducing Sweden and Norway's shareholding in SAS to 17.2 percent from 21 percent and to 11.5 percent from 14 percent, respectively. Denmark, which owns 14 percent in the Stockholm-based airline, didn't take part in the sale.
Her Swedish colleague, Mikael Damberg, said it was the first step to reduce the Swedish state's ownership. ■