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FINANCIAL NEWS
UAE’s Etihad wins nod for USD325 m Jet Airways stake
13 Nov 2013
(MENAFN) India’s competition regulator has approved Etihad’s USD325 million deal to buy a 24 percent stake in Jet Airways, Arabian Business reported.
Jet said last month it expected to complete the transaction this quarter. It already has the Indian cabinet’s approval.
“the Commission is of the opinion that the proposed combination is not likely to have appreciable adverse effect on competition in India and therefore, the Commission hereby approves the same…,” the Competition Commission of India said on its website.
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