Manufacturing Industry
Lufthansa expected to present Swiss deal by next Wednesday
Airline Industry Information, March 17, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
German carrier Deutsche Lufthansa is expected to announce its planned takeover of Swiss International Air Lines by next Wednesday (23 March), sources close to the talks told Reuters on Wednesday (16 March).
Large shareholders of the Swiss carrier had reportedly agreed to a takeover by Lufthansa, and an announcement was due either late on Tuesday 22 March or before the market opens on Wednesday 23 March, said the source.
Swiss and Lufthansa declined to comment on the information.
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