SAS successfully implements EUR1.4bn recapitalisation plan

SAS successfully implemented (30-Oct-2020) its recapitalisation plan and carried out issues totallig 6.9 billion common shares. The new shares will be admitted to trading on Nasdaq Stockholm, Nasdaq Copenhagen and Oslo Børs on 03-Nov-2020. As previously reported by CAPA, the recapitalisation plan aims overall at converting SEK2.25 billion (EUR217.0 million) of debt to equity and raise SEK12 billion (EUR1.2 billion) of new equity, before recapitalisation costs, and restore SAS' equity by SEK14.25 billion (EUR1.4 billion). [more - original PR]