Lufthansa mulls further acquisitions besides BMI - CFO

Mr Gemkow stated there are also interesting targets outside the Star Alliance, adding that the company is capable of shouldering bigger acquisitions.
 
In Apr-08, Mr Gemkow had said the company was “determined” to use its option to obtain a majority stake in BMI.
 
Lufthansa holds a stake of 30% minus one share in BMI, BMI's Chairman, Sir Michael Bishop, holds 50% plus one share, and SAS AB holds the remaining 20%.
 
Sir Michael Bishop has a 'put' option to sell his stake in the company, and Lufthansa holds a 'call' option to buy out Sir Michael Bishop between Dec-08 and Jun-09. 
 
 
Date posted: 23-Jun-08
 

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