Independent journal on economy and transport policy
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Cyprus Airways in the lead to acquire Olympic
(Financial Times)
May 28, 2001
By Kerin Hope in Athens and Mark Odell in London
Cyprus Airways has emerged as the front-runner to acquire Olympic Airways, the struggling Greek state carrier, although its offer failed to comply with sale terms set by the government.
The Greek-Cypriot carrier, already partly privatised, offered to buy only a minority stake in Olympic, while the government wants to sell a majority shareholding of at ...... Read more on Financial Times
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