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FlyMe to raise SEK1,296m in new share issue for expansion.

AIRLINE INDUSTRY INFORMATION-(C)1997-2006 M2 COMMUNICATIONS LTD

The board of Swedish airline operator Fly Me Europe AB (FlyMe) announced on Wednesday (2 August) a proposal to raise SEK1,296m through a new share issue with preferential rights for existing shareholders.

The proceeds

from the proposed share issue would be used for the continued expansion of the company, including new acquisitions during autumn 2006.

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