Reuters exclusively reported that U.S. private equity firm Apollo Global Management Inc is seeking to take a majority stake in SAS and aims to apply for approval from Swedish and Danish regulators for the deal as part of the Scandinavian airline’s rescue plan.
Business & FinanceDeals
Apollo seeks to take majority stake in SAS’s Chapter 11 rescue plan
03 May 2023, 4:25 pm 1 minute
Market Impact
The news of Apollo’s interest sent the embattled carrier’s shares up as much as 14% on Wednesday morning.
Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: DenmarkSweden
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
