Lufthansa-BMI: EC sets provisional date for takeover ruling
By David Kaminski-Morrow
German flag-carrier Lufthansa has formally notified European Commission regulators over its planned acquisition of a controlling stake in UK airline BMI.
The European Commission has given a provisional deadline of 14 May to rule on the takeover.
Its records show that Lufthansa put forward its formal notification on 3 April. Lufthansa's acquisition will increase its share in BMI to 80%.
3rd of April, looks like Luffty having been dragging their heels, perhaps Bish deal is water tight after all, or were they waiting for BALPA to roll over first
