Lufthansa offer accepted by over 85 per cent of the shareholders of Austrian Airlines
On expiry of the acceptance term for the public takeover offer to the free-float shareholders of Austrian Airlines AG on 11 May 2009, Deutsche Lufthansa AG has through ÖLH Österreichische Luftverkehrs-Holding-GmbH received acceptance declarations for an expected equivalent of over 85 per cent of the share capital of Austrian Airlines AG.
That amount includes the 41.56 per cent stake currently still held by the ÖIAG. Also included is the syndicate of Austrian core shareholders, consisting of LVBG Luftverkehrsbeteiligungs GmbH, Raiffeisen-Invest-Gesellschaft mbH and Wiener Städtische Versicherung AG Vienna Insurance Group. Dr. Peter Malanik, member of the Austrian Executive Board said the following: "By achieving the 75 per cent threshold, we have fulfilled an essential condition in the takeover contract. By doing so, we have passed another crucial milestone in the privatisation process. We are confident we will be able to go ahead with the closing this summer."