Lufthansa has successfully completed the absorption of Austrian Airlines.

German airline Lufthansa has successfully completed the absorption of Austrian Airlines, having consolidated more than 90% of the company, said in statement issued today a press release of the German airline. The transaction has been finished, when the airline has received all necessary permissions from regulating bodies, including Eurocommission.

Lufthansa agreed to buy government stake in Austrian Austrian Airlines (41,56% of shares) for the symbolic sum of just over 366 thousand euros. In addition, the German airline has offered to pay 166 million euros for the shares of Austrian Airlines, the free float (at 4.49 euros per share). A condition for purchase of an unprofitable carrier - it is the reception of the state help from Austria at a rate of 500 million euro.

In order to obtain approval for the deal from European regulators, Lufthansa has agreed to give competitors of the flights on the route linking Vienna to Frankfurt, Munich, Stuttgart, Cologne and Brussels.

Lufthansa is the largest airline in Germany, it is a global alliance Star Alliance (in addition to Lufthansa, it includes SWISS, Austrian Airlines, bmi, Singapore Airlines, Thai Airways and others). Germanwings).
03.09.2009