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SAS shareholders spit out the "core"; Lufthansa jumps for joy. European share prices

Analysis

On an otherwise quiet day on the market, SAS' new restructuring (to its "core SAS vision, divesting its investments and some 8,500 staff) didn't go down at all well with investors, at one stage yesterday losing almost 30% of value and ending 16.9% down - on top of the 40%+ that the shares lost last year.

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