Lufthansa Reportedly Eyes Brussels Takeover

Lufthansa is looking to increase its stake in Brussels Airlines and will meet with the Belgian flag carrier’s board later this month to discuss a potential deal, according to reports.

Lufthansa is looking to increase its stake in Brussels Airlines and will meet with the Belgian flag carrier’s board later this month to discuss a potential deal, according to reports.

Reuters reported on Wednesday (April 13) that sources close to the German airline group said it aims to increase its current 45 per cent stake in Brussels which it bought in 2009 for €65m ($73m).

The deal came with an option for Lufthansa to increase its holding by 55 per cent up to 2018.

In the same report, the news agency also stated Lufthansa is set to meet with Scandinavian carrier SAS to discuss a possible stake or partnership.

 

TAGS: Europe
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish