Extract from our Nordic M&A Newsletter

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SAS divests its shareholding of Air Greenland for DKK 277m
May 30, 2019

Scandinavian Airlines (SAS) has divested its 37.5 pct shareholding in Air Greenland to the Government of Greenland. SAS has owned a part of Air Greenland in more than 50 years. Air Greenland reported a turnover of DKK 1.3bn and EBITDA of DKK 193m in 2017, corresponding to an EV/EBITDA multiple of 3x.

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