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Greece: Aegean’s chances at Olympic merger higher than before

By  |  October 26, 2012

Experts expect Aegean Airlines’ proposed acquisition of Olympic Air SA to have a far better chance of success after a first attempt at the plan failed less than two years earlier. Market strategists argue that struggling finances of airlines, combined with the addition of a new competitor, have significantly raised the likelihood of a merger approval. Additionally, Aegean’s proposal is smaller than 2011’s, set forth at $93 million.

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    Related Content: Greece: Aegean to acquire rival pending authority approval

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