SAS stock value plummets on final trading day

On Tuesday, SAS shares dropped significantly as the company experienced its last day on the stock exchange. The stock’s value was halved by midday. Jacob Pedersen from Sydbank expected investors to sell for tax-loss reasons. Surprisingly, there were still buyers despite no expected profit from the stock. SAS announced that Tuesday would be the last trading day in Copenhagen, Stockholm, and Oslo. Current shares will be compulsorily redeemed with no compensation for owners. Investors like Per Hansen from Nordnet speculate some saw the volatility as an opportunity to gamble on a later sale. The path for delisting was paved on July 19 when Stockholm’s court approved SAS’s restructuring plan to secure capital and reduce debt. A consortium is set to invest 13.2 billion Swedish kronor in SAS, involving parties like Castlelake, Air France-KLM, Lind Invest, and the Danish government.