SAS Group announced it reached a final agreement that will result in SAS divesting its 49% stake in Tallinn-based Estonian Air to the Estonian government (ATW Daily News, June 7).Under a deal announced Friday, the Estonian government will provide approximately SEK200 million ($28.3 million) in a new rights issue and SAS will convert approximately SEK20 million in loans into equity. After the rights issue, the Estonian state will hold 90% and SAS 10%. SAS will remain the lender of ...

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