SAS rules out Spanair sale to Iberia; eyes offer from Catalan Group-report

FemCat is reportedly trying to sound out renewed interest from tourism operator, Grupo Marsans.

Grupo Marsans Chairman, Gonzalo Pascual, and co-owner, Gerardo Diaz Ferran, announced a full bid for Spanair in Dec-07 but later withdrew the offer after SAS decided to opt for a public bidding process.

SAS has reportedly set a minimum EUR300 million price tag for the airline, and has a deadline of until 30-Jun-08 30 for the sale.

Date posted: 22-May-08

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