As a step in the overall strategy to focus on
its core business, the SAS Group has signed an agreement with
Swedavia to divest six properties at Arlanda in Stockholm,
Landvetter in Gothenburg and Sturup in Malmö at a market value of
The transaction will generate a positive effect
of MSEK 450 and capital gains of approximately MSEK 350, which
will be reported during the second quarter of 2012.
SAS has also
signed a lease agreement with Swedavia. The annual cost for the
lease agreement is neutral, compared with ownership of the
"The transaction is part of our 4Excellence
strategy, in which we focus on the core business, while releasing
capital and strengthening our financial preparedness," said Benny Zakrisson, Executive Vice President Infrastructure and M&A.
The properties comprise mainly hangers,
workshops, warehouses and offices.
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