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Etihad moves to acquire stake in Alitalia

By Staff Reports on June 25, 2014
tagged etihad, alitalia, italy

Alitalia and Etihad Airways confirmed Wednesday that they have agreed on the principal terms and conditions of a proposed transaction whereby Etihad will acquire a 49 percent equity stake in Alitalia.

The airlines will now move to finalize the transactional documents, which will include the agreed upon conditions, as soon as possible. The conclusion of the investment is subject to final regulatory approvals.  

Alitalia is the flag carrier of Italy.