Go-ahead for Air France-KLM’s purchase of Virgin stake

The European Commission has approved the proposed acquisition of joint control over Virgin Atlantic by Air France-KLM, Delta and Virgin Group, saying the transaction would raise no competition concerns. Under the deal, Air France KLM will acquire 31 per cent of Virgin Atlantic from Richard Branson’s Virgin Group for £220 million. Virgin Group will retail … Continue reading Go-ahead for Air France-KLM’s purchase of Virgin stake