Lufthansa Says Reaches Deal To Raise Stake In BMI To 80%
June 22 2009 - 8:54AM
Dow Jones News
German airline Deutsche Lufthansa AG (LHA.XE) Monday said it has
reached an agreement with Sir Micheal Bishop, the co-founder of the
British Midland Airways, or bmi, to buy the airline in stages.
The initial stage will see Lufthansa, which already owns 30%
less one share of bmi, taking an 80% stake in its U.K.-based
peer.
Company Web site: www.lufthansa-financials.com
-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503;
jan.hromadko@dowjones.com