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Etihad close to Alitalia stake

[ February 3, 2014   //   ]

Abu Dhabi’s Etihad Airways says it is close to reaching agreement on a deal to buy a stake in troubled Italian flag carrier Alitalia. The process has entered the final phase of a due diligence process and both companies are now working on a common strategy. The size of Etihad’s stake has not been disclosed, but some commentators say it could be as much as 40%.

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