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UK OFT will not review IAG takeover of bmi

6-Mar-2012 9:57 AM

UK’s Office of Fair Trading (OFT) announced (05-Mar-2012) it decided against reviewing International Airlines Group’s (IAG) takeover of bmi from Lufthansa. The takeover is still to be approved by the European Commission which is to announce its decision by 16-Mar-2012. Virgin Atlantic has expressed its opposition against the takeover, claiming it will lead to reduced services and higher fares for passengers travelling within the UK. The OFT stated the European Commission “is best placed” to review the agreement. [more - original PR]