Topic Author
Posts: 834
Joined: Sun Oct 24, 1999 9:03 pm

SR Owns 85% Of SN

Wed Apr 26, 2000 9:26 pm

An agreement has been reached between the Belgian government and Swissair for the latter to get 85% of the shares of Sabena, provided the EU Commission gives its okay.

In return, the Belgian government would become the main shareholder of SAirGroup with 3.3%, and they would be able to appoint the vice president.

The sale of the additional 35% of shares will raise Belgium 150 million Euro, or USD 139.530.000.

Best regards,

Posts: 2126
Joined: Tue May 18, 1999 1:28 am

RE: SR Owns 85% Of SN

Thu Apr 27, 2000 1:58 am

I hope they both get a new look alike color scheme. Like Premiair and Airtours.

Posts: 7
Joined: Thu Jun 30, 2005 4:52 pm

RE: SR Owns 85% Of SN

Thu Apr 27, 2000 2:54 am

Our poor old company.....

The belgian government also said they could sell their last shares, and so, totally privatise Sabena
Posts: 534
Joined: Fri Feb 18, 2000 6:07 pm

RE: SR Owns 85% Of SN

Thu Apr 27, 2000 7:54 am

Finally there is the agreement we have all been waiting for. I can't say I'm very happy, I feel a little bit strange, now that our Belgian airline is in foreign hands. But on the other hand, I realize that it is the only possible way for SN to survive in tommorow's economy. I just hope Swissair will always keep the name Sabena. They may be the main share holder now but that doesn't want to say SN doesn't stay ours.

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