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CRAL-R-A - Croatia Airlines Dd News Story

HRK140 0.0  0.0%

Last Trade - 28/06/17

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £190.5m
Position in Universe th / 640

Greece's Aegean Airlines makes non-binding bid for Croatia Airlines

Fri 27th December, 2019 5:01pm
ATHENS, Dec 27 (Reuters) - Greece's largest carrier Aegean
Airlines  AGNr.AT  said on Friday it had expressed interest in
the privatisation of Croatia Airlines  HRAR.ZA  and submitted a
non-binding bid.
    Aegean, a member of the Star Alliance group, said any
decision on whether it would take part in the next phase of the
state-owned Croatian carrier's privatisation would be taken in
the coming months.
    Croatia plans to sell a 70% stake in Croatia Airlines, which
widened its net loss to $7.25 million in the first nine months
of 2019.

 (Reporting by George Georgiopoulos; Editing by David Clarke)
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