Air France Buys Stake in Sabena
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<i> Reuters</i>
PARIS — Air France said Sunday it is buying a 37.5% stake in Belgian state airline Sabena SA for $122 million.
The Belgian government separately said it approved the link-up after more than a year of negotiation. Belgian Transport Minister Guy Coeme told a news conference in Brussels that other partners will participate in the deal.
Air France will buy the stake through a Belgian holding company, which will be 67% owned by the French state airline. The remainder will be owned by a group of Belgian investors.
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