Europe

Taimyr Airlines blocked from acquiring stake in Nordavia

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Taimyr Airlines blocked from acquiring stake in Nordavia

Russia’s Federal Antimonopoly Service (FAS) has blocked Norilsk-based Taimyr Airlines from acquiring a 47.8% share in Arkhangelsk-based Nordavia Airline. The deal was blocked because Taimyr is controlled by Norilsk Nickel and Nordavia is ruled by companies related to Norilsk Nickel. FAS said in a ...

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