newstodate.aero
FEB 26, 2003 (newstodate): The Lithuanian State Property Fund has officially announced SAS to be the sole bidder for Lithuanian Airlines.
The Fund has also announced that SAS meets the qualification terms set out by in the privatisation programme.
The next step will be an inspection during the period March 7 to April 11 by SAS to LAL's data room to verify all details pertaining to the company.
SAS must then file an initial bid by April 25, followed by a final bid by June 27, 2003, closing the deal if the parties still agree.
The Fund has also announced that SAS meets the qualification terms set out by in the privatisation programme.
The next step will be an inspection during the period March 7 to April 11 by SAS to LAL's data room to verify all details pertaining to the company.
SAS must then file an initial bid by April 25, followed by a final bid by June 27, 2003, closing the deal if the parties still agree.