SAS agreed to sell its 20% stake in bmi to Lufthansa-related UK holding company LHBD Holding, effectively giving LH full control over bmi when the transaction takes effect on Nov 1. Under the terms of the agreement, LHBD, which already owned an 80% stake in bmi, will pay SAS £19 million ($30.4 million) for its 20% stake. LH also agreed to pay SAS an additional £19 million for the cancellation of rights relating to a 1999 shareholder agreement. LH added that it will make further ...

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