Finnair signs LoI with StaffPoint and GWS for transfer of Flybe's 60% stake in Flybe Nordic JV

Finnair signed (07-Jan-2015) a letter of intent with StaffPoint Holding Ltd and G W Sohlberg Ltd, with Flybe's ownership of a 60% stake in the carriers' Flybe Nordic JV to be transferred to StaffPoint and GWS. The sale of the shares is conditional on approval from Finland's competition authorities, with a transaction price of EUR1. StaffPoint will hold a 45% stake in Flybe Nordic following the transaction's closure, GWS a 15% stake and Finnair 40%. As previously reported by CAPA, Flybe announced in Nov-2014 it would divest its share in the JV for EUR1. [more - original PR - English/Finnish]