Looking only at state ownership, the Swedish and Danish governments own about the same share of SAS (~14%) and 1/3rd of the company stock is privately owned.[1]

Looking only at state ownership, the Swedish and Danish governments own about the same share of SAS (~14%) and 1/3rd of the company stock is privately owned.[1] [1]: https://www.sasgroup.net/annualreports/2018/assets/pdf/eng/SAS_AR17-18_ENG.pdf https://www.sasgroup.net/annualreports/2018/assets/pdf/eng/S...