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| 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 | - |
From Jun 2019 to Jun 2024
Austrian Airlines AG (AUA.VI) Monday said its new owner Deutsche Lufthansa AG (LHA.XE) now owns 92.11% of the national carrier's total share capital.
The sale of the Austrian state's 41.6% controlling stake in Austrian Airlines to its German peer was signed earlier this month. In addition, Lufthansa had filed a EUR4.49 a share buyout offer for the remaining outstanding shares and said it intended a full squeeze out of the remaining shares.
Lufthansa's shares are formally held by Oesterreichische Luftverkehrs-Holding-GmbH, an entity founded for the purpose of maintaining Austrian Airlines' flight permits which are conditioned on Austrian ownership.
According to Austrian stock exchange regulations, a stake of at least 90% is required for a majority shareholder to launch a squeeze out.
-By Flemming E. Hansen, Dow Jones Newswires; +43 1 513 69 22 10; flemming.hansen@dowjones.com
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