Swedish government seeking buyers for SAS stake

Nordic bank Nordea was trying to line up buyers and a consortium of private investors was eyeing the stake in the airline but had so far struggled to secure funding for a deal, the magazine reported. A government official at the enterprise ministry repeated that the government did not consider itself a long-term owner of the Scandinavian airline. It owns a 17 percent stake in SAS but has a parliamentary mandate to sell the shares in the airline which has struggled in recent years in the face of fierce competition and a high cost base. Sweden and Norway last year sold 23 million shares in SAS in a first step toward the governments exiting their long-standing holdings in the carrier. Reuters



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