Chinese investor takes 10% stake in Czech carrier
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CEFC China Energy Co. has acquired a 10% stake in Czech Republic’s largest airline, Travel Service, as Chinese companies continue their rapid investment drive into Europe. CEFC has said it intends to increase its stake in Travel Service to 49.92% over the next few months. “The authorized capital of Travel Service will be significantly strengthened as well,” the airline said. “Current shareholders of Travel Service will remain majority owners of the company. CEFC is a …