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23-03-14

UAE's Etihad to buy 30 percent stake in Air Berlin

(MENAFN) UAE-based Etihad Airways plans to raise its stake in the German airline Air Berlin, which is almost 30 percent owned by Abu Dhabi-based Etihad Airways, according to the Emirates 24/7. A group of German shareholders also plan to increase their stakes by more than 50 percent between them. The 38.5 percent of the group's shares owned by smaller investors would also be bought out. Air Berlin's website shows that the family's investment vehicle ESAS owns 12 percent of the carrier.