Japan's ANA Holdings in talks to acquire Philippine Airlines stake

Philippines Airlines president Jaime Bautista. Photographer: Michael Nagle/Bloomberg

Japan’s ANA Holdings Inc said on Wednesday it is in talks with Philippine Airlines Inc’s parent company PAL Holdings about making an investment but it had not yet made a “concrete decision”.

Philippine Airlines is closing in on selling a minority stake to a foreign strategic investor, with a deal likely to be sealed in the first half of this year, its president said on Wednesday.

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