EU: Has Not Received New Antitrust Offer From Lufthansa
July 16 2009 - 3:27AM
Dow Jones News
The European Commission Thursday said it has not received a new
offer from Lufthansa to clear up competition concerns over its
planned takeover of Austrian Airlines AG (AUA.VI).
The commission's clarification comes after an Austrian press
report Thursday stating that Lufthansa has submitted a better offer
to the commission to clear up remaining competition hurdles.
Last week, the commission said that unless the German airline
provided the commission with a revised offer very quickly, the
antitrust regulator would be unable to clear the deal by the
end-July deadline set by Lufthansa for getting regulatory
clearance.
-By Peppi Kiviniemi, Dow Jones Newswires; +3227411483;
peppi.kiviniemi@dowjones.com