The sale of the Elan Group to Wiltan Enterprises and Merrill Lynch (see SGI Europe No. 26-25+26 of Aug. 10) has been completed with the return of state aid to the Slovenian government following a resolution by the European Commission, which challenged the legality of a €10 million subsidy given to the company in 2008. Elan says it is gaining market share in alpine skis. It expects revenues to increase this year by at least 5 percent, thanks in part to higher sales its yacht and wind energy divisions.

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