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AUA

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Share Name Share Symbol Market Type
TSXV:AUA TSX Venture Common Stock
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EU: Still Wants Lufthansa Clarifications On Austrian Deal

20/07/2009 11:57am

Dow Jones News


Adanac Molybdenum Corporation (TSXV:AUA)
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The European Commission is still looking to get clarification from the German airline Deutsche Lufthansa AG (LHA.XE) regarding its planned takeover of the troubled Austrian Airlines AG (AUA.VI), before deciding on whether to give the deal merger clearance.

Commission officials had technical discussions with Lufthansa over the weekend, said the commission's antitrust spokesman, Jonathan Todd, adding that it is "still waiting for clarifications from Lufthansa."

The head of the European Union's competition authority, Neelie Kroes, has offered to meet with Lufthansa's chief executive to discuss the matter, but hasn't heard back from the company yet, Todd added.

Lufthansa has set July 31 as the final deadline for getting antitrust clearance from Brussels, without which the deal can't be concluded.

-By Peppi Kiviniemi, Dow Jones Newswires; +3227411483; peppi.kiviniemi@dowjones.com

 
 

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