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AUA

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:AUA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

EU To Propose Conditional Clearance Of Lufthansa/AUA Merger

31/07/2009 6:20pm

Dow Jones News


Adanac Molybdenum Corporation (TSXV:AUA)
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The European Union's antitrust chief Neelie Kroes said Friday she intends to clear German carrier Deutsche Lufthansa AG's (LHA.XE) takeover of Austrian Airlines AG (AUA.VI), though with conditions attached.

After talks earlier Friday, Lufthansa offered further measures to allay competition concerns, the European Commission said.

"Commissioner Kroes has instructed her services to draft a conditional clearance decision," the commission's statement said.

The draft decision will be considered by E.U. member countries and a final proposal will be presented, for adoption by the commission "as soon as possible," it added.

-By Carolyn Henson, Dow Jones Newswires; +32 2 741 1481; carolyn.henson@dowjones.com

 
 

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