Having cleared Spain’s 545-million-ecu capital injection into Iberia Airlines last month…

Series Title
Series Details 21/03/96, Volume 2, Number 12
Publication Date 21/03/1996
Content Type

Date: 21/03/1996

...on the understanding that its loss-making Latin American assets were sold, the Commission has now opened an inquiry into the mechanics of the sale. This involves the creation of a joint venture called Andes Holding BV by Merrill Lynch Europe, Bankers Trust Foreign Investment Corp and state-holding company Teneo. However, the Commission gave the go-ahead for the creation of Andes without formal clearance.

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