The European Commission received notification of Lufthansa Group's proposed acquisition of Austrian Airlines Group and set a June 17 deadline to complete a first-phase review of the deal. LH launched a public offer for AAG on March 2 after reaching agreement with state holding company OIAG to buy its 41.56% stake for €366,000 ($498,843) plus an "earn-out option" that could amount to as much as €164 million depending on AAG's future economic performance and LH's share ...

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