Apollo seeks to take majority stake in SAS’s Chapter 11 rescue plan

by DailyBriefers
0 comment

Business & FinanceDeals

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.

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

You may also like

Leave a Comment