SAS divested 67 % of its share in SAS Component, now renamed to ST
Solutions (
Technologies Aerospace Ltd (ST
the aerospace arm of Singapore Technologies Engineering Ltd.
SAS Group
today announces that it has divested its remaining shareholding in SAS Component
to ST Aerospace for a value of 28.3 MEUR. The purchase follows the exercise of
a put option by SAS pursuant to the Shareholders’ Agreement entered
into
between SAS and ST Aerospace on 15 March 2006.