Search
The Caterer

SAS to sell Rezidor chain before floatation

27 October 2006
SAS to sell Rezidor chain before floatation

Scandinavian airline SAS AB has announced today it is to sell its stake in the Rezidor hotel chain.

The airline announced it would offload its 75% stake when it is listed on the Stockholm Stock Exchange later this year.

SAS acting chief executive Gunnar Reitan said the sale was: "In line with SAS's stated strategy of focusing on core airline activities."

He added that listing Rezidor on the stock exchange would benefit all parties and should be completed by the end of the year.

Rezidor's remaining major shareholder, US-based Carlson Companies is expected to increase its stake in the company from 25% to 35% during the SAS's sell-off.

Rezidor SAS, which operates 226 hotels in 49 countries, recently changed its name to the Rezidor Hotel group in preparation for the public listing. Its brands include Regent Hotels, Park Inn and Radisson SAS.

Rezidor to float >>

Rezidor secures hot fashion deal >>

Ritter says its survival of the fittest >>

Rezidor company website >>

By Emily Manson

E-mail your comments to Emily Manson](mailto:emily.manson@rbi.co.uk?subject=SAS to sell Rezidor chain before floatation) here.

Get your copy of Caterer and Hotelkeeper every week -

[Sudoku](http://www.caterersearch.com/Articles/Article.aspx?liArticleID=302619 "A new puzzle every day!") Join the craze and play Sudoku online!
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!