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The Standard Group Plc is a
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Hong Kong Stock Exchange-listed firm Frontier Services Group (FSG) Limited has completed the acquisition of 49 per cent stake in Kenya's Phoenix Aviation Limited.
The $14 million (Sh1.2b) transaction, which was formally announced at the Hong Kong Stock Exchange on March 31, 2014 has received a nod of approval from both the Board and shareholders of Frontier Services Group and Phoenix Aviation.
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