Estonian Air will conduct a €7.3 million ($9.4 million) rights issue, according to SAS Group, which holds a 49% stake in the company. SAS said it will participate through the conversion of €2.4 million of outstanding loans to Estonian into equity and an additional €1.2 million cash payment. The Estonian government (34%) and AS Cresco (17%) also will subscribe to their respective proportion of shares. SAS said it still plans to divest its interest in Estonian (ATWOnline, ...

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