1-Oct-2009 1:12 PM

Lufthansa expects to reach agreement with SAS over bmi stake in coming weeks

Lufthansa reportedly plans to come to an agreement with SAS over the Scandinavian carrier's 20% stake in bmi in coming weeks (Dow Jones, 30-Sep-2009). Lufthansa increased its stake in bmi to 80% earlier this year after bmi's founder, Sir Michael Bishop, exercised an option to sell his stake of 50% plus one share. Lufthansa is required under law to make an offer to SAS, which holds the remaining 20% stake.