New SAS share issues does not appeal to Sweden

On Friday morning, SAS announced the airline will hold an extra meeting on 3 November to seek authorisation for a directed share issue. If the application is approved the company will have the right to issues 66 million common shares, 30% of the total common shares.

Principle owners Denmark, Sweden and Norway are expected to back the request. However in press release from the government, Enterprise Minister Mikael Damberg says the state is not going to buy shares as it is not a long-term owner in SAS