Finance / Argentina
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Aerolineas Argentinas Re-Nationalised
July 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Argentine government will buy back Aerolineas Argentinas from Spain's largest tour operator Grupo Marsans . A price tag has yet to be disclosed, but the government will own 99.4% of the beleaguered airline, up from 5% at present, with an intent to buy the remaining 0.6% that is still owned by the company's employers. The agreement, which was signed on July 22 will deliver control of the airline to the government within 60 days.