EU Opens In-Depth Probe Into Lufthansa-Brussels Air Deal
January 26 2009 - 12:05PM
Dow Jones News
The European Commission Monday opened an in-depth investigation
into German airline Deutsche Lufthansa AG's (LHA.XE) bid to buy SN
Holding SA, the parent company of SN Brussels Airlines.
An initial investigation showed the deal "could significantly
impede effective competition," particularly for routes between
Belgium and Germany and Belgium and Switzerland, the commission
said in a statement.
Under the terms of the deal, Lufthansa will pay EUR65 million to
buy 45% of the company, with an option to buy the rest of the
business in 2011.
The commission now has a June 10 deadline to make a final
decision on whether to allow the deal.
-By Adam Cohen, Dow Jones Newswires; +322 741 1486;
adam.cohen@dowjones.com
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