SAS Group's restructuring took a significant step forward yesterday with announcement of the sale of its airBaltic stake and a new majority investor in Spanair. AirBaltic, in which SAS holds 47.2%, will be sold to the airline's management for LAT14 million ($27.5 million) in cash by Jan. 31, SAS announced, resulting in a SEK175 million ($22.5 million) capital gain for the Scandinavian company. "This divestment is in line with our strategy not to maintain minority holdings in our airlines. ...

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