EU Clears Lufthansa Purchase Of British Midland
May 14 2009 - 12:05PM
Dow Jones News
The European Commission Thursday cleared a plan by Deutsche
Lufthansa AG (LHA.XE) to buy U.K.'s British Midland Airways, or
bmi.
Lufthansa, 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 from bmi founder Sir Michael Bishop.
Scandinavian carrier SAS AB (SAS.SK) owns the remaining 20% of
bmi.
-By Matthew Dalton, Dow Jones Newswires; +32 2 741 1487;
matthew.dalton@dowjones.com