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The Stockholm Stock Exchange will be delisted from SAS shares following the Oslo Stock Exchange crash. The Norwegian Stock Exchange is examining price developments. The price in Oslo is much higher than on the Stockholm and Copenhagen stock exchanges.
Published:,
The case is being updated.
The Oslo Stock Exchange has delisted SAS shares and is examining price developments.
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The Stockholm Stock Exchange has also decided to delist from SAS, according to a statement stating that the background is that the stock was stopped in Oslo.
There have been strong movements in SAS shares on the Oslo Stock Exchange during the day, which opened at a price of NOK 2.1. Just before the trade was stopped, at 10.52, the price was NOK 5.6.
However, data from the Oslo Stock Exchange shows that the stock is down 18.84 percent.
The price is higher than the SAS price in Stockholm, which at the time of writing is 2.41 SEK. It is also well above the Copenhagen price of 1.94 DKK.
– We have observed that the stock is trading higher on the Oslo Stock Exchange than on the other stock exchanges, says communications manager Geir Harald Aase on the Oslo Stock Exchange at E24.
SAS has already received the green light after working on a comprehensive rescue package. Last week, they received the go-ahead from shareholders and thus were able to inject fresh money into the company.
The rescue plan is, in short, that SAS will raise NOK 12 billion in new capital and hybrid bonds, one billion of the existing debt will be written off and converted into shares and further cuts will be made that will reduce the cost level by four billion .
