Deutsche Lufthansa AG — M&A Activity 2011

Dec 22, 2011

News Details

Ad-hoc | 22 December 2011 08:08

Deutsche Lufthansa AG: Lufthansa and IAG sign agreement for the sale of British Midland Ltd.

Deutsche Lufthansa AG / Key word(s): Mergers & Acquisitions

22.12.2011 08:08

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Deutsche Lufthansa AG (Lufthansa) and International Airlines Group (IAG)
have today signed a binding purchase agreement for the sale of British
Midland Ltd. (bmi) to IAG. The gross purchase price is 172.5 m GBP (approx.
207 m EUR) in cash. After agreed price reductions the net purchase price is
expected to be significantly negative. With the transaction Lufthansa is
disassociating from a sustainably loss-making subsidiary. As part of the
agreement, a British holding company of Lufthansa will take on bmi's
defined pension benefit scheme. The closing of the transaction is planned
for the first quarter of 2012 and remains in particular subject to approval
by the antitrust authorities.

Deutsche Lufthansa AG
Investor Relations
Tel.: +49 (0)69 / 696-28010
Fax: +49 (0)69 / 696-90990
E-Mail: investor.relations@dlh.de
www.lufthansa.com/investor-relations

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Language: English
Company: Deutsche Lufthansa AG
Von-Gablenz-Str. 2-6
50679 Köln
Germany
Phone: +49 (0)69 696 28002
Fax: +49 (0)69 696 90990
E-mail: investor.relations@dlh.de
Internet: www.lufthansa.com/investor-relations
ISIN: DE0008232125, DE0008232125
WKN: 823212
Indices: DAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX

End of Announcement DGAP News-Service

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