Korean Air is preparing to complete its long-awaited acquisition of a controlling stake in Asiana Airlines next week, finalising a merger between South Korea’s two leading carriers that has been under negotiation for four years.
The airline will invest approximately 1.5 trillion won (USD 1.07 billion) through a third-party share issuance by Asiana Airlines. This move will secure Korean Air a 63.9% stake, amounting to 131.57 million new shares, effectively making Asiana its…
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