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Italy’s Meridiana airline buys 29.9 pct stake in Eurofly rival

22 December 2006

Italy’s Meridiana airline, owned by the Aga Khan, said it is buying a 29.9 pct stake in the quoted charter airline Eurofly SpA from Eurofly’s 44 pct shareholder Spinnaker.

The sale is subject to approval by Italy’s antitrust authority and cancellation of the lock-up on Spinnaker selling shares, it said.

source: Forbes

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