Lufthansa Completes Austrian Takeover
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Jens Flottau jflottau@freenet.de
Lufthansa today finally took control of Austrian Airlines closing a deal that has been pending for nine months.
Following all European Commission approvals, the airline bought a share in excess of 90% of Austrian and is expected to take over the remaining shares from small stockholders as a result of a squeeze-out process. Depending on Austrian's financial performance, the deal could cost Lufthansa up to 362 million euros (US$514 million)....
Lufthansa Completes Austrian Takeover
