Lufthansa gets permission to buy Brussels Airlines
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Lufthansa has won EU regulators’ permission to take a large stake in Brussels Airlines – but must give up slots at Belgian, German and Swiss airports to eliminate antitrust concerns, according to an Associated Press report.
Lufthansa plans to spend EUR65 million (US$90.2 million) on a 45% stake in the Belgian carrier’s holding. The deal will also give the German airline the option to take over all of Brussels Airlines in 2011 for not more than EUR250 million.
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