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SAS Group sells remaining shares in SAS Component

June 27, 2008 14:30

In 2005, SAS divested 67 % of its share in SAS Component, now renamed to ST Aerospace Solutions (Europe) A/S, to Singapore Technologies Aerospace Ltd (ST Aerospace), the aerospace arm of Singapore Technologies Engineering Ltd.

SAS Group today announces that it has divested its remaining shareholding in SAS Component to ST Aerospace for a value of 28.3 MEUR. The purchase follows the exercise of a put option by SAS pursuant to the Shareholders’ Agreement entered into between SAS and ST Aerospace on 15 March 2006.

SAS Group Investor Relations

For further information, please contact
Sture Stölen, head of SAS Group investor relations, telephone +46 8 797 1451

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