SAS completes acquisition of Cimber

SAS is completing the acquisition of Cimber after meeting all of the terms of the transaction, including approval from the Danish Competition and Consumer Authority. SAS has appointed Kent Hansen as the new president of the airline. He will succeed the current president on March 1, 2015. On December 8, 2014, SAS announced that it had agreed to acquire 100% of the shares in Cimber, that the value of the transaction was MDKK 20 and that the transaction was subject to customary terms including receiving approval from the Danish competition authority. The Danish Competition and Consumer Authority has notified its