Finnair is unlikely to be sold to an industrial buyer
The entire Finnish airline Finnair is unlikely to be sold to an industrial buyer, according to Taloussanomat.
The Finnish-language article cited Inderes analyst Anssi Viljakainen, who said that it is currently uncertain how much the Finnish state will reduce its ownership in Finnair.
Viljakainen said that an industrial buyer would want a significant stake in Finnair or acquire the entire company and he thinks it is unlikely such buyer will acquire Finnair. He said that the current state ownership slows down any M&A for Finnair, which is seen as a negative amongst international investors.
The state owns around 55% of Finnair and there has been recent reports indicating it wants to reduce its share.
Taloussanomat