Etihad/Cargolux
 

Latest rumors running around at home base that Etihad has bought the ex Swiss Logistics shares from Cargolux for 130 m $. Anyone can confirm this. Thanks:confused:

Hi mate & welcome.
I guess we're all still waiting to see something "on paper" that makes it "official".
There is a similar thread on the Middle East forum, 2nd page, though there is no confirmation there either.
Ho hum.
$130m is a bit cheap for a third of the company though (imho).

There was an article in the "Gulf News" (Abu Dhabi newspaper) some days ago:

Article here

:E

Sorted,
Luxembourg, 20 December 2005
Today, M. Karl Wüthrich, Co-liquidator of SAirLines and the Luxembourgish shareholders of Cargolux, under the coordination of M. Marc Hoffmann, Chairman of the Board of Luxair, have jointly announced their agreement on a transaction providing for the acquisition of the 33.7 % of Cargolux shares currently held by SAirLines. The transaction will be executed by Luxair on behalf of all the Luxembourgish shareholders (the current shareholders are : Luxair, 34.9 % - BGL Investment Partners, 11.5 % - BCEE, 8.8 % - SNCI, 8.6 % - Lux-AVANTAGE, 2.2 %).

Happy holidays everyone.