SAS Group to sell 47,2% holding in airBaltic

The SAS Group has signed an agreement to sell its 47,2% holding in airBaltic to the management of airBaltic. The sales price amount to MLAT 14 (approx MSEK 220) will be paid in cash no later than 31. January 2009. The transaction results in a capital gain of approximately MSEK 175 for the SAS Group. SEB Enskilda has been acting as financial adviser for SAS Group in this transaction.