EU Seeks Clarification From Lufthansa On Austrian Offer
July 17 2009 - 6:04AM
Dow Jones News
The European Commission Friday said it was seeking further
clarification from Lufthansa (LHA.XE) with regards to the latest
proposal the airline submitted to get antitrust clearance for its
planned takeover of Austrian Airlines AG (AUA.VI).
Lufthansa's latest offer was sent to the commission late
Thursday in the form of a letter signed by the chairman of
Lufthansa, said the commission's antitrust spokesman Jonathan Todd.
We "cannot qualify it as formal or informal" offer yet, Todd said.
The commission is studying it carefully and "seeking further
information," he said.
It is too early yet to say whether the offer is sufficient or
not to get the needed antitrust clearance for the deal by the
Lufthansa imposed 31 July deadline, Todd added.
-By Peppi Kiviniemi, Dow Jones Newswires; +3227411483;
peppi.kiviniemi@dowjones.com