Petter Stordalen and the other new owners will not have to pay millions in connection with the purchase of Ving. 

The Swedish state will instead pay pension and vacation costs, writes Swedish daily newspaper. 

Norwegian hotel magnate Petter Stordalen, together with Altor and TDR, stepped in to save Ving after the bankruptcy of its previous owner Thomas Cook. Now SvD writes that the deal means that the debts are shifted to the state wage guarantee and insurance companies, since the deal was conditional on four important companies being declared bankrupt.

Petter Stordalen, together with the other new owners, thus avoids paying large amounts to employees. 

500–600 people employed by Ving Sverige will receive their holiday pay for both 2019 and 2018 through the state wage guarantee. Accrued occupational pensions will be paid by the insurance company PRI Pensionsgaranti in the future, according to SvD. 

The newspaper has previously written that passengers on Ving's airline who suffered delays before October 31 cannot expect to receive any compensation, according to EU regulations. 

Petter Stordalen and the other new owners will only pay certain debts when they take over the company, such as debts to hotels and things that are necessary for booked trips to take place. Fredrik Henriksson, communications manager at Vinggruppen, confirms this to the newspaper. 

Source: di.se