IAG gets green light to buy Bmi (ABTN.co.uk)

April 4, 2012

British Airways’ parent company IAG has been given permission to buy Bmi from Lufthansa by the European Commission.

European competition commissioner Joaquin Almunia today cleared the£172.5 million purchase despite a last-ditch effort by Virgin Atlantic boss Richard Branson to stop the deal. But IAG has had to give up 14 slots from Heathrow to get the deal approved.

Complete article in ABTN.co.uk

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