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Etihad agrees to buy 48% stake in Kingfisher: report
- United Arab Emirates: Wednesday, December 12 - 2012 at 03:49
Etihad Airways has agreed to pick up a 48% stake in India's Kingfisher for a little over $552.7m, the Mumbai Mirror has reported, citing unnamed sources. The deal, sources in the two airlines say, will be closed in two instalments. Etihad will buy a 30% stake this month and another 18% by August next year. A formal announcement of the deal could come around December 18, the report said.
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