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Europe Daily Bulletin No. 9059

29 October 2005
Contents Publication in full By article 30 / 33
ECONOMIC INTERPENETRATION / (eu) air

The Icelandic investment fund FL GROUP has announced the acquisition of the low-cost Scandinavian company, STERLING AIRWAYS, for the sum of DEK 1.5 billion. STERLING AIRWAYS is the leader in low-cost flights in Scandinavia and the 4th low-cost carrier in Europe with 5.2 million passengers foreseen for 2005 and a turnover of around EUR 300 million. With this deal, the turnover of FL GROUP is expected to reach EUR 13.4 billion.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION