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Icelandair Purchases Large Share of Easyjet

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Icelandair Purchases Large Share of Easyjet

Icelandair purchased 8.4% of Easyjet on October 22, the company announced. The acquisition of the low-cost British airline is valued at ISK 6.2 billion. Following news of the purchase, Easyjet's stock rose by 16%, according to RUV.

The purchase was a part of Icelandair's new foreign investment policy.

Easyjet is the second largest discount airline in Europe.

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