Lufthansa said that all remaining shares in Austrian Airlines Group held by minority shareholders have been transferred to LH subsidiary Osterreichische Luftverkehrs Holding by order of the Vienna Commercial Court. Share certificates are redeemable for cash compensation, LH said. In December it said it would pay €0.50 ($0.70) for each outstanding share (ATWOnline, Dec. 18, 2009). AAG is expected to be delisted from the Vienna Stock Exchange soon.

Subscribe to Access this Entire Article

"Lufthansa acquires remaining shares of Austrian" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.