Etihad to own nearly half of Air Berlin | GulfNews.com:
"Ailing German airline Air Berlin, which is almost 30 per cent owned by Abu Dhabi-based Etihad Airways, will be delisted, with Etihad raising its stake to 49.9 per cent, German weekly WirtschaftsWoche reported on Saturday.
Citing company sources, the magazine said a group of German shareholders, among them former and current company executives, would raise their stakes to hold more than 50 per cent between them, preserving the carrier’s German status.
Smaller investors, which account for 38.5 per cent of the group’s shares, would be bought out, WirtschaftsWoche said.
It said Air Berlin, Germany’s No.2 airline after Lufthansa , needed to remain German so as not to lose its traffic rights outside the European Union."
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