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SAS shares plunge 95% as restructuring wipes out owners

2023-10-04 15:19
COPENHAGEN Shares in SAS tumbled 95% in opening trade on Wednesday after the Scandinavian airline announced new big
SAS shares plunge 95% as restructuring wipes out owners

COPENHAGEN Shares in SAS tumbled 95% in opening trade on Wednesday after the Scandinavian airline announced new big shareholders late on Tuesday in a deal that will see the group delisted from bourses and existing shareholder stakes' values reduced to zero.

(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)