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Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

Por: ABC News Business October 04, 2023

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COPENHAGEN, Denmark -- Shares in Scandinavian Airlines dropped more than 90% on Wednesday after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased.The rescue deal involving airline alliance Air France-KLM and private equity firms Castlelake and Lind Invest, which became investors alongside the Danish state, was presented late Tuesday.The deal means that... + full article



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