Austrian government's Council of Ministers yesterday issued the contract for the privatization of Austrian Airlines Group to state holding company OIAG, entitling it to sell the entirety of its 42.75% stake (ATWOnline, Aug. 11). The contract stipulates that Austrian interests must hold 25% plus one share. Merrill Lynch has been appointed as exclusive financial adviser in the potential sale of OIAG shares to a strategic partner (ATWOnline, Aug. 1).

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