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Thursday, 26 June 2014

Alitalia, Etihad Airways agree on principal terms

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

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

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