SAS would be taken over by two investment funds

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Two groups of investors, including US private equity group Apollo Global Management, have made a bid for Scandinavian airline SAS.

Scandinavia’s largest carrier has filed for bankruptcy protection in the United States in mid-2022 after years of battling high costs coupled with weak customer demand brought on by the covid pandemic.

Apollo would like a majority stake

SAS had said any fundraising bid would have to include the Danish state, which currently holds a 22% stake.

Apollo is already with Air France

Last July, Air France-KLM and the American fund Apollo Global Management signed a definitive agreement for quasi-equity financing of 500 million euros for the engineering and maintenance components (MRO) activity. ) of Air France

Catherine Mills Avatar