Lufthansa To Buy Remaining 55% Of Brussels Airlines

Umer Jamshaid Published September 28, 2016 | 05:40 PM

Lufthansa to buy remaining 55% of Brussels Airlines

BERLIN, (APP - UrduPoint / Pakistan Point News -27th Sep,2016) - German carrier Lufthansa on Wednesday said it would buy the 55 percent of Brussels Airlines it does not already own, completing a long-mooted takeover.

Shareholders in Brussels Airlines must still agree to the deal, the statement said, adding that managers expect to complete the transaction by early 2017.

Lufthansa has owned 45 percent of Brussels Airlines owner SN Airholding since 2009 and kept an option to buy the rest. The companies did not reveal the price Lufthansa would pay for the remaining stake.

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