Lufthansa says board approves full takeover of Brussels Airlines

Lufthansa says board approves full takeover of Brussels Airlines
 

Lufthansa (LHAG.DE) said its supervisory board has approved plans to acquire the remaining 55-percent stake in Brussels Airlines via the exercise of a call option.
Lufthansa already owns 45 percent of Brussels Airlines owner SN Airholding. The transaction, which is subject to shareholders of SN approving the details of the deal, is expected to be concluded at the beginning of 2017, Lufthansa said in a statement on Wednesday.
Lufthansa has previously said discussions with Brussels centred around how to make the carrier part of Lufthansa's Eurowings low-cost platform.
(Reporting by Victoria... read more

 
28 September 2016 in Business, Views: 38
Source: Reuters
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