Bloomberg News

IAG, Lufthansa Sign Agreement in Principle on BMI Sale to IAG

November 04, 2011

Nov. 4 (Bloomberg) -- International Airlines Group and Deutsche Lufthansa AG reached an agreement in principle for the sale of British Midland Ltd to IAG.

The sale and closing of the deal remain subject to conditions including a binding purchase agreement, further due diligence and regulatory clearances. It is envisaged that the purchase agreement will be signed in the coming weeks and the aim is for the transaction to be completed in the first quarter of 2012.

Link to Statement:{NSN LU4JP63HHEDC <GO>}

To contact the editor responsible for this story: Mariajose Vera at mvera1@bloomberg.net


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