The European Commission said Friday that Lufthansa's latest offer regarding its planned takeover of Austrian Airlines Group contains insufficient concessions, making it unlikely the EC can grant antitrust clearance for the deal by the end of this month. The Commission on July 1 extended the deadline of its investigation into the proposed merger by at least 14 days and up to a maximum of 90 days, but AAG had expressed confidence that approval could be given and the transaction closed by July ...

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