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European Union: go-ahead to Lufthansa for the bmi's takeover

Brussels, Belgium - Waiting for the ok to the Austrian's takeover

The European Commission approved yesterday the plan by Deutsche Lufthansa to buy U.K.'s British Midland Airways, or bmi. The German carrier, which already owns a 30% minus one share stake in bmi, will own 80% of bmi after the deal is completed by acquiring 50% plus one share. "The Commission therefore concluded that the transaction would not significantly impede effective competition on any of these...

AVIONEWS - World Aeronautical Press Agency - 1104511
Rome, Italy, 05/15/2009 16:11
AVIONEWS - World Aeronautical Press Agency

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