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Turkey’s Sabanci family buys a stake in Air Berlin

Turkey’s Sabanci family buys a stake in Air Berlin

30 March 2009 11:58 (UTC +04:00)

Baku â€“ APA-Economics. Turkey’s Sabanci family is buying a 15.3 percent in German airline Air Berlin, scooping up part of Len Blavatnik’s stake, more than two months after the U.S. billionaire sold the holding, BNE reported.
Blavatnik had sold his 18.9 percent stake in Air Berlin in January, leaving the market guessing who bought the holding. A spokesman for Air Berlin said he could not say who currently holds Blavatnik’s shares that had not been acquired by the Sabanci family.
Air Berlin had said in a statement earlier that the Sabanci family’s venture capital company ESAS Holding, which operates Turkish carrier Pegasus, had signed a share purchase agreement to buy the stock from Swiss bank UBS.

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