31-Aug-2009 9:43 AM
European Commission approves Austrian Airlines takeover
Direct News Source
28-Aug-2009 The European Commission today announced that it would be approving both the merger of Austrian Airlines and Lufthansa and restructuring aid of 500 million euros. This means there is no longer anything standing in the way of the takeover of Austrian Airlines by Lufthansa, or the conclusion of the transaction. The closing will now take place within the next 10 stock exchange trading days, after which Austrian Airlines becomes a member of Europe's largest airline alliance.
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