SAS stockholders give thumbs up
SAS avoids having to pay back billion-kroner deposits from the Danish and Swedish governments after an extraordinary general meeting on Wednesday afternoon approved the step-up mechanism that makes it possible to buy back shares from the Danish and Swedish states. The step-up mechanism is a crucial requirement in relation to the European Commission’s assessment that there was no illegal state aid when Denmark and Sweden injected SAS with additional capital of six billion Danish kroner in connection with the corona shutdown in 2020. /ritzau/