Norway, Sweden to sell SAS shares

Paul Heymont 6/28/182:00 PM

Norway and Sweden are planning to sell their stockholdings in SAS, leaving Denmark as the only remaining government owner of the pioneer Scandinavian airline.

SAS, long a joint project of Norway, Denmark and Sweden, whose governments owned the majority of the airline's shares, was formed in 1946 to pool the three country's resources to compete in world markets; it's long been seen as an icon of their joint efforts.

The three governments still own about 40% of the shares, but after Norway sells its 9.88% and Sweden sells off its 14.2% share, only Denmark, with 14.8% will remain among the original owners.

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