SAS Group said it completed the sale of 67% of SAS Component to Singapore Technologies Engineering, parent of ST Aerospace (ATWOnline, Dec. 16). The transaction will "release capital from its component inventories," so SAS put the total value at SEK2.5 billion ($311 million) including the purchase price of SEK760 million, "while the positive effect on cash and net debt is SEK2 billion." As part of the agreement, SAS signed a multiyear material supply deal with SAS Component to provide ...

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