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SAS Sky and Space Company Ltd

0.028
0.00 (0.00%)
25 Jul 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Sky and Space Company Ltd ASX:SAS Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.028 0.032 0.028 0.00 01:00:00

Lufthansa: Not Yet Fulfilled All Conditions For BMI Takeover

15/05/2009 9:01am

Dow Jones News


Sky and Space (ASX:SAS)
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German flag carrier Deutsche Lufthansa AG (LHA.XE) can't close the takeover of U.K.'s British Midland Airways, or bmi, yet, because it hasn't fulfilled all contractual the conditions yet, despite the European Commission's clearance Thursday, Claudia Lange, a spokeswoman for Lufthansa told Dow Jones Newswires Friday.

Lange however declined to identify the conditions it hasn't fulfilled yet, citing a confidentiality agreement.

The European Commission Thursday cleared Lufthansa's takeover plan.

The German airline already owns a 30% minus one share stake in bmi, and will own 80% of bmi after the deal is complete, by acquiring 50% plus one share from bmi founder Sir Michael Bishop.

Scandinavian carrier SAS AB (SAS.SK) owns the remaining 20% of bmi.

Company Web site: www.lufthansa-financials.com

-By Kirsten Bienk, Dow Jones Newswires; +49 69 29 725 500, kirsten.bienk@dowjones.com

 
 

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