Remaining minority shareholders of Austrian Airlines to receive 0.50 euros per share

The adequacy of this cash compensation still has to be verified by the Board of Directors of Austrian Airlines. A decision endorsing the squeeze out will be taken by an extraordinary shareholder meeting, which will presumably be held in mid-December. The minority shareholders of Austrian Airlines will receive cash compensation for their shares in conformity with the law after notification of the squeeze out has been entered in the commercial register. That will probably occur in the first half of 2010.

Lufthansa already holds 95.4 per cent of the share capital of Austrian Airlines through ÖLH.

(c) Centre for Asia Pacific Aviation. Date posted: 26-Oct-09

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