Lufthansa takeover of Austrian Airlines likely in December
|
|
|
| Posted
:
Thu, 13 Nov 2008 17:03:25 GMT |
| By
:
DPA |
| Category
:
Business |
| News Alerts by
Email ( click
here ) |
|
Business News |
Home
|
|
|
|
Vienna - The takeover of Austrian Airlines AG by Deutsche Lufthansa AG is expected to be concluded by the end of the year, the Austrian state holding OeIAG announced Thursday. Since Air France-KLM and Russian carrier S7 did not submits offers conforming to the specifications of the bidding process, OeIAG said, it would now enter into exclusive "closing talks" with Lufthansa about selling its 42.75-per-cent stake. "I expect the signing of contracts within a month, so that the necessary decisions can be taken at the next OeIAG governing board meeting on December 5," OeIAG Chief Executive Peter Michaelis said. The ailing Austrian carrier has come under pressure from slowing demand and rising fuel prices this year.
Copyright DPA
|
|
|
|
|
|
Related News
Jordan, Turkey open final round of talks for free trade accord
Amman - Jordan and Turkey on Tuesday held the seventh and final round of negotiations for liberalizing trade between the two countries, a senior official said. A free trade agreement is now expected to be signed when Turkish Prime Minister Recept Tay...
International stock market quotations 24 November 2009
Frankfurt - The following index quotations were noted on the world's major stock markets:New York Dow Jones 10,412.7810,450.95(-38.17) New York NASDAQ Comp.2,164.80 2,176.01(-11.21) TokyoNikkei 9,401.58 9,497.68(-96.10) Sydney All Ordinaries 4,708.20...
Frankfurt Stock Exchange quotations 24 November 2009
Frankfurt - Frankfurt Stock Exchange closing prices in euros. In brackets the point movement of index/price movement of stocks against previous quotation: ...
Germany underpins tottering state-owned bank WestLB
Berlin - Key stakeholders have agreed to underpin a tottering state-owned German bank, WestLB, to stop it lurching into insolvency, a Finance Ministry spokesman in Berlin said Tuesday. WestLB, based in the western city of Dusseldorf, will be the firs...
Al-Jazeera buys rival ART sports network
Doha - Qatar-based regional broadcast giant al-Jazeera's sport channel on Tuesday announced it had sealed a deal to purchase its Saudi-owned rival Arab Radio and Televison (ART)'s sports channel. Al-Jazeera now owns the ART sports network's brand and...
Despite optimism, economy 'still volatile', says Merkel - Summary
Berlin - Despite a brace of positive data for the German economy on Tuesday, Chancellor Angela Merkel warned against undue optimism at an employers' conference in Berlin. We find ourselves on very volatile ground, Merkel said, adding that a new spe...
EU market regulators raid Czech energy company
Brussels/Prague - The European Commission said Tuesday it had raided the premises of Czech energy company CEZ following concerns that it may have engaged in illegal practices aimed at shutting rival firms out of the market. The suspected illegal con...
|
|
|
|
|
|
|
|
