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Deutsche Lufthansa AG — M&A Activity 2008
Aug 28, 2008
109_rns_2008-08-28_d2ebd689-88bc-479b-88a4-83baa5a10b61.html
M&A Activity
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News Details
Ad-hoc | 28 August 2008 15:30
Deutsche Lufthansa AG: Strategic equity investment in SN Airholding SA/NV
Deutsche Lufthansa AG / Mergers & Acquisitions
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Deutsche Lufthansa AG: Strategic equity investment in SN Airholding SA/NV
Deutsche Lufthansa AG and SN Airholding SA/NV, the parent company of
Brussels Airlines, are in constructive negotiations over an equity
investment in SN Airholding. Brussels Airlines has not been involved in an
alliance to date. It operates services from the Brussels hub within Europe
and also specialises in flights to Africa.
Lufthansa plans to initially acquire 45 per cent of SN Airholding at a
proposed price of EUR 65m in the course of a capital increase. After two
years and beyond Lufthansa would be authorised to exercise an acquisition
option for the remaining 55 per cent. The price of this option is linked to
the prospective performance of Brussels Airlines.
Over the next few weeks, Lufthansa intends to examine SN Airholding and
conclude negotiations as to the contractual details. The planned equity
investment in SN Airholding is yet to be approved by the Supervisory Board
of Lufthansa, the Board and shareholders of SN Airholding and the antitrust
clearance.
Deutsche Lufthansa AG
Investor Relations
60546 Frankfurt am Main
Germany
Frank Hülsmann, tel. +49 (0)69 696 28001, fax +49 (0)69 696 90990
Email: [email protected]
28.08.2008 Financial News transmitted by DGAP
Language: English
Issuer: Deutsche Lufthansa AG
Von-Gablenz-Str. 2-6
50679 Köln
Deutschland
Phone: +49 (0)69 696 28002
Fax: +49 (0)69 696 90990
E-mail: [email protected]
Internet: www.lufthansa-financials.de
ISIN: DE0008232125, DE0008232125
WKN: 823212
Indices: DAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Hamburg, München, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service