Lufthansa may walk away from BMI deal

Lufthansa has indicated it may walk away from its takeover deal for BMI, over the issue of capital restructuring, according to a Financial Times report. If successful it will own about 80 per cent of shares, but obstructing the deal is the issue of who will pay for the capital restructuring, with BMI management saying […]


bmi capital restructing Lufthansa takeover deal


Lufthansa has indicated it may walk away from its takeover deal for BMI, over the issue of capital restructuring, according to a Financial Times report. If successful it will own about 80 per cent of shares, but obstructing the deal is the issue of who will pay for the capital restructuring, with BMI management saying it’s not needed. The German carrier is also said to be seeking up to €500 million in ‘restructuring’ aid.