Lufthansa Now Holds 92.11% Of Austrian Airlines' Shares
28 Septembre 2009 - 9:25AM
Dow Jones News
Austrian Airlines AG (AUA.VI) Monday said its new owner Deutsche
Lufthansa AG (LHA.XE) now owns 92.11% of the national carrier's
total share capital.
The sale of the Austrian state's 41.6% controlling stake in
Austrian Airlines to its German peer was signed earlier this month.
In addition, Lufthansa had filed a EUR4.49 a share buyout offer for
the remaining outstanding shares and said it intended a full
squeeze out of the remaining shares.
Lufthansa's shares are formally held by Oesterreichische
Luftverkehrs-Holding-GmbH, an entity founded for the purpose of
maintaining Austrian Airlines' flight permits which are conditioned
on Austrian ownership.
According to Austrian stock exchange regulations, a stake of at
least 90% is required for a majority shareholder to launch a
squeeze out.
-By Flemming E. Hansen, Dow Jones Newswires; +43 1 513 69 22 10;
flemming.hansen@dowjones.com