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Europe Daily Bulletin No. 9624

18 March 2008
Contents Publication in full By article 30 / 43
GENERAL NEWS / (eu) eu/competition
Air France/Alitalia merger takes shape

Brussels, 17/03/2008 (Agence Europe) - The Air France consortium's offer to acquire the Italian airline Alitalia has been accepted by the company's board. The proposed transaction estimates the value of the former Italian national operator at just €139 million, a figure far less than its stock market value even considering its dramatic drop on Saturday. The trade unions, which were not consulted on the structure of the offer, have expressed their dissatisfaction. Alitalia has been within a...

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