EU: Has Received New Offer From Lufthansa On Austrian Air Buy
July 17 2009 - 3:34AM
Dow Jones News
The European Commission said late Thursday it has received new
proposals from German airline Deutsche Lufthansa (LHA.XE) regarding
its proposed takeover of Austrian Airlines (AUA.VI).
The commission said it will "study the offer carefully," but
declined to make further comment.
The European Union's executive arm and regulator is looking for
Lufthansa to propose measures to ensure that competition in the
27-nation bloc won't be restricted by the Austrian Airline
acquisition.
-By Carolyn Henson, Dow Jones Newswires; +32 2 741 1481;
carolyn.henson@dowjones.com