02-Mar-2009 11:28 AM
Austrian Airlines one small step closer to Lufthansa union - share wrap
Analysis
Austrian Airlines shares surged 10.7% on Friday after Lufthansa submitted its highly conditional offer for the Vienna-based carrier. The EUR4.49 per share offer for OeIAG's 41.6% stake in Austrian is conditional on European Commission approval of a EUR500 million debt aid package by the Austrian Government.
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