Lufthansa takeover of Brussels Airlines approved

The European Commission approved Lufthansa‘s acquisition of Brussels Airlines on 22 June. Lufthansa is to buy a 45% stake in Brussels Airlines parent company SN Airholding SA/NV for EUR65 million, with an option to acquire the remaining 55% in 2011. The approval is conditional upon the implementation of a set of remedies to alleviate the Commission’s concern that competition would be restricted on several routes. Under these remedies, Lufthansa will make available slots for new entrants wishing to operate those routes.

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