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2/12/2019, 5:58 PM (Source: TeleTrader)
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EU okays Virgin Atlantic takeover

The takeover of British airline company Virgin Atlantic Ltd. by Air France-KLM, Delta Air Lines and Virgin Group Ltd. was approved, as it poses no risk to competition in the European Economic Area, the European Commission stated on Tuesday.

According to the proposal, Air France-KLM will buy a 31% stake in Virgin Atlantic from Virgin Group and become the third large stakeholder in the airline together with Delta and Virgin Group.

Breaking the News / NI