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Trading stop for the stocks and shares of Scandinavian airliner, SAS

Tuesday, 30 October 2012
Trading in the shares of Scandinavian airlines, SAS was stopped before the stock market opening on Tuesday morning. Reports hold that the airline company, which has been dogged by material and financial problems in the past years, promises to come with information on Tuesday.

The trading in SAS shares was halted until further notice in light of the information that has been circulating in the media about the SAS's financial situation.

Who owns SAS and by how much?

Swedish Government 21.4 percent

Danish Government 14.3 percent

Norwegian Government 14.3 percent

Knut and Alice Wallenberg Foundation 7.6 percent (Swedish)

The Stockholm Stock Exchange as decided on trading halt "to ensure a fair trade," according to a press release from the Stockholm stock exchange.
"We have no comment for it but will return via a stock exchange release, "writes a SAS official to Swedish business daily Dagens Industri via email.

Recently, there has been speculation about the effects of the new healthy savings and financial engineering. On Monday, news agency Bloomberg reported that SAS will present a new savings program next month and that the credits for a value of $ 661 million, more than Skr4.4 billion, to be renewed.

SAS shares in recent years has been in a steep downward slope. After a boost in early September, the shares have been falling and is now approaching the Skr5.10.
So far this year, more than a quarter of the airline's stock market value has been wiped out.
Scancomark.com

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