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Marfin Investment Group SA, the investment firm backed by Dubai Financial LLC, has been chosen by Greece to buy its unprofitable flag carrier Olympic Airlines SA.
ATHENS - A tender for the sale of Greece's ailing carrier Olympic Airlines failed and the government called on Greek businessmen on Wednesday to buy the carrier.
ATHENS: The European Commission on Wednesday approved a Greek government proposal to shut down and sell Olympic Airlines, also ordering the debt-ridden state carrier to pay back €850 million in ille