31-Oct-2005 9:50 AM
Lufthansa bought stake in Fraport AG
Analysis
FRANKFURT (Luftansa) - Deutsche Lufthansa AG holds in the meantime a total of 4.5 million shares in the Frankfurt Airport operating company, which is equivalent to about 4.95 per cent of Fraport's nominal capital. The purchase price, amounting to around 170 million euros, was funded entirely from existing financial resources. Lufthansa intends in the short term to increase its stake to 5 per cent.
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