Lufthansa-Austrian deal expected in early Sept
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Lufthansa expects to close the deal to buy Austrian Airlines on or around 3 September, Reuters reported. Lufthansa needs to obtain EU approval of the acquisition by a self-imposed 31 August deadline. After approval is obtained, it would take about 10 business days for the deal to close, a spokesperson for Lufthansa was reported saying, adding that they could “neither confirm nor deny that (3 September) date”.
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