SAS sells Newco to Teinver

The SAS Group has today agreed to sell its 55% holding in the Spanish
ground handling company Newco Airport Services to Teinver.Teinver holds
100% of Newco after the transaction. The transaction value and positive
effect on net debt and cash for the SAS Group amount to MSEK 400. The
equity value is MSEK 320. The capital gain amounts to approximately MSEK
170.

“The divestment is a part of Strategy 2011 launched in June and this is the
first part to be completed. We are confident that the new majority owner
will continue to develop the business in a growing Spanish market”, says
Mats Jansson, SAS Group President & CEO.
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