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Polish firm withdraws German airline Condor acquisition

21:14

Polish firm withdraws German airline Condor acquisition
Source: Pxfuel

State-run Polish Aviation Group (PGL) – the owner of Poland’s flag carrier LOT – has said that it pulled out of a deal to buy German rival Condor, raising the prospect of Berlin nationalizing the troubled business.

Two weeks ago sources familiar with the matter said Germany was ready to take over Condor as it expected the deal…

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