A Greek investment firm backed by Dubai Financial Group has emerged as the winning bidder for loss-making Olympic Airlines, which is being sold by the Greek government.
Marfin Investment Group, the largest private equity group in Greece, offered authorities €177m (Dh822.6m) to purchase the airline and its aircraft maintenance unit, Kostis Hatzidakis, the Greek development minister, said in an emailed statement yesterday.
“The government’s legal and financial advisers informed us that the negotiations with MIG’s advisers for the sale of Olympic’s flying activities and technical base ended successfully,” Mr Hatzidakis was quoted as saying by Reuters.
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