CK
ScanFlyer Mile High Club
LH vil ha kapitalinnsprøytning i bmi - Mats på bla opp
Full Story http://news.airwise.com/story/view/1242097290.htmlLufthansa seeking fresh capital for bmi
(Source : Reuters, May 12, 2009)
Lufthansa is asking fellow shareholders in bmi to inject more capital into the carrier ahead of an agreed acquisition, according to a source. The German carrier agreed to take control of bmi last October after founder Sir Michael Bishop exercised an option to sell it his 50% plus one share stake. Lufthansa already had a 30% minus one share stake, while SAS has 20%. Lufthansa will be forced to pay a price for the stake agreed when the original deal was struck in 1999 -- which the source said was around GBP300m (US$455.5m) -- but since then the value of airlines has deteriorated. 'Lufthansa wants all shareholders to inject capital in the airline, but the other shareholders aren't playing... it's to get an effective price reduction,' the source said.