Advertisement
UK markets closed

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • CRUDE OIL

    78.84
    +0.36 (+0.46%)
     

  • GOLD FUTURES

    2,323.70
    -7.50 (-0.32%)
     

  • DOW

    38,897.01
    +44.74 (+0.12%)
     

  • Bitcoin GBP

    50,722.01
    +77.63 (+0.15%)
     

  • CMC Crypto 200

    1,320.57
    -44.56 (-3.26%)
     

  • NASDAQ Composite

    16,390.23
    +40.99 (+0.25%)
     

  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Group of investors eye takeover of airline SAS, Swedish daily DI reports

Reuters
·1-min read
SAS Airbus A320 planes are parked at Copenhagen airport in Kastrup

OSLO (Reuters) - A group of foreign investors is exploring a takeover of Scandinavian airline SAS, Swedish financial daily Dagens Industri reported late on Wednesday, citing anonymous sources.

The investors have appointed advisors to help facilitate a takeover, but any investment in SAS would be conditional on cost cuts and a restructuring of the Stockholm-based carrier's finances, according to the report.

Loss-making SAS on Tuesday said it hopes to convert debt to equity and raise 9.5 billion Swedish crowns ($966 million) in new cash, warning of liquidity problems if it falls short.

The carrier, part-owned by Sweden and Denmark, has been struggling for years and on Tuesday said it had not yet made sufficient progress on a restructuring plan presented in February.

($1 = 9.8386 Swedish crowns)

(Reporting by Terje Solsvik, editing by Essi Lehto)