SAS Group completes strategic agreement with Carlson Companies
Further to the announcement of a strategic agreement with Carlson Companies, in relation to Rezidor SAS, on 14 March 2005, SAS is pleased to announce that all conditions to the agreement have been satisfied and the transaction has now therefore been completed. SAS Group and US-based Carlson Hotels Worldwide have completed an agreement whereby Rezidor SAS Hospitality Group achieves improved commercial terms and extension options until 2052 of its Master Franchise agreements (MFA) with Carlson in return for a 25% shareholding in Rezidor SAS by Carlson. The MFA is incorporating the brand names