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Norway sells remaining stake in Scandinavian Airlines

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AP Copenhagen
Last Updated : Jun 27 2018 | 2:30 PM IST

Norway has sold its remaining stake in Scandinavian Airlines, saying the move will strengthen the carrier by reducing state ownership.

Trade and Industry Minister Torbjoern Roe Isaksen says Norway sold today its remaining 37.8 million shares, representing nearly 9.90 per cent of the airline.

Roe Isaksen said the government believes it is "a good time to sell," adding "there is no reason to believe that a changed ownership will not affect jobs, (SAS') grids or other operating conditions in the company."

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First Published: Jun 27 2018 | 2:30 PM IST

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