Budgetary Problems Force Zurich To Sell Shares Back To Swissair
The City of Zurich has sold its shares in Swissair back to the carrier for a net profit of 31.7 million Swiss francs (US$21.9 million). The municipality held 2.1% of Swissair's outstanding shares. A Swissair spokeswoman said last month the transaction was carried out at the request of Zurich, which...
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