Russian state-controlled Bank for Development and Foreign Economic Affairs (Vnesheconombank, VEB) takes control over 49.5% of Hungarian national airline Malev. Russian flag carrier Aeroflot appointed Malev’s strategic partner and will represent the VEB’s interests. The deal is to be finalized this week at the airline’s special board of directors meeting. The decision on Malev’s shareholder change aimed to recover the ailing carrier was made in a meeting of Russia’s First Deputy Prime ...

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