Aegean, Olympic $92M Merger Sent To EU Watchdog

Law360, New York (November 8, 2012, 12:15 PM EST) -- Greek regulators said Wednesday that they would refer Aegean Airlines SA's proposed €72 million ($92 million) purchase of Olympic Air SA to the European Commission, less than two years after the EC scuttled a prior proposed merger between the air carriers.

The Hellenic Competition Commission, which promised to continue cooperating with the EC, said referral was warranted given the specific circumstances of the case, and noted the EC had previously reviewed an attempted merger between Olympic and Aegean and had expertise concerning airline industry restructuring at...
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