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Aug. 6 (Bloomberg) -- Greece reached a preliminary agreement to sell Olympic Airlines SA, the country's unprofitable national carrier, to York Capital/Olympic Investors, said the Economy and Finance Ministry yesterday in an e-mailed statement.
On the recommendation of Olympic Air's sale advisers, a ministerial committee on state asset sales ``approved a memorandum of basic positions between the Greek state and the York Capital/Olympic Investors group,'' said the statement.
The memorandum's signature ``opens the way'' for the company's sale, which ``continues to depend on European Union decisions,'' the statement said, without giving further details.