Korean Air completes Asiana takeover, integrating it as subsidiary
Seoul, Dec 12 (IANS) Korean Air, South Korea's biggest airline, has successfully integrated local rival Asiana Airlines as a subsidiary, wrapping up a years-long acquisition process, the company said on Thursday.Korean Air spent 1.5 trillion won ($1.04 billion) to acquire 131.57 million new shares issued by Asiana to take over the country's…
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