Korean Air announced on Tuesday that it will finalise its acquisition of a controlling stake in rival Asiana Airlines next week, completing a merger deal between Korea’s leading carriers that has been in the works for four years.
Korean Air plans to invest 1.5 trillion won ($1.07 billion) in a third-party share issuance by Asiana Airlines on December 11, acquiring approximately 131.57 million new shares, or a 63.9 percent stake, in the rival carrier.
This…
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