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Venice puts airport operator stake up for sale

from Reuters

The city of Venice has put up for sale its 14.1 percent stake in the operator of its local airport, in a last-ditch attempt to meet year-end budget targets and avoid possible job cuts. The sale of the stake in Save SpA, which runs Venice's Marco Polo airport, is the latest example of cash-strapped local authorities forced to sell assets to meet the demands of Italy's Stability Pact. more


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