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11-Feb-2019 11:07 AM

ANA acquisition of stake in PAL Holdings to be finalised in Feb/Mar-2019

PAL Holdings stated (08-Feb-2019) it expects the agreement whereby ANA Holdings will acquire a 9.5% stake in PAL Holdings from majority shareholder Trustmark Holdings will close between 28-Feb-2019 and 15-Mar-2019. PAL Holdings said Trustmark is expected to use the proceeds of the share sale to continue its support for the operations and potential expansion programmes of Philippine Airlines. [more - original PR]

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