Norway to sell remaining SAS shares

    Norway‘s Ministry of Trade, Industry and Fisheries announced (26-Jun-2018) its intention to sell its remaining 37,800,000 shares in SAS, corresponding to approximately 9.88% of the total number of ordinary shares. The transaction confirms previous communication by the Government stating the Norwegian state is not a long term owner of SAS. The Parliament has renewed the authorisation to sell shares several times, most recently in the 2018 national budget. The Transaction follows previous sale of shares in SAS by the Norwegian state and will, if all 37,800,000 shares are sold, complete the Norwegian state’s divestment of its ownership stake in SAS. Norwegian state noted its ownership in SAS has been purely commercial. Consequently, it is not expected that the company will be making strategic or operational changes following the transaction.