The European Commission extended the deadline of its review of Lufthansa's bid to acquire Brussels Airlines parent SN Airholding to Jan. 26 from Jan. 12. The parties notified the EC of the intended transaction in late November (ATWOnline, Sept. 16, 2008). In a first stage, LH would take 45% of the Belgian carrier through a capital increase of €65 million ($89.4 million) following regulatory clearance. It holds an option to buy the rest from 2011.
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