Transat Seeks To Allay Antitrust Issues In Takeover By Air Canada

BloombergQuint

Transat AT told shareholders it’s seeking to allay antitrust issues pinpointed by the European Union over its takeover by Air Canada and hopes to win approval by FEB. The company said in a letter dated 12NOV it’s working with AC “to address the concerns raised” by the European Commission and that efforts to win over regulators in the EU, as well as Canada, could include “the offer of remedies, which should provide a greater chance of obtaining the required approvals."

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