MADRID (Thomson Financial) - SAS AB is seeking further bids for its wholly-owned carrier Spanair as it has yet to close a deal with Spanish tour operator Marsans, Negocio reported, citing unnamed sources close to the operation.
Negocio said SAS has hired a foreign institution to seek interested bidders for Spanair, and quoted a SAS spokesman as saying that the deal with Marsans could be delayed until the beginning of next year.
In August, CEO Mats Jansson told German financial daily Handelsblatt in an interview that he expects to close the sale of Spanair to Marsans in the first or second quarter of 2008.
Spanair, which posted net losses of 37 mln eur in 2006, is worth 450 mln eur, Negocio reported. tf.TFN-Europe_newsdesk@thomson.com kd1/tr/ra COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Negocio said SAS has hired a foreign institution to seek interested bidders for Spanair, and quoted a SAS spokesman as saying that the deal with Marsans could be delayed until the beginning of next year.
In August, CEO Mats Jansson told German financial daily Handelsblatt in an interview that he expects to close the sale of Spanair to Marsans in the first or second quarter of 2008.
Spanair, which posted net losses of 37 mln eur in 2006, is worth 450 mln eur, Negocio reported. tf.TFN-Europe_newsdesk@thomson.com kd1/tr/ra COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.