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September 21, 2009

Lufthansa Will Hold 95.4 Percent of Austrian Airlines

By Pardhasaradhi Gonuguntla

Further free-float shareholders representing about 8.9 percent of Austrian Airlines’ share capital have now accepted the public takeover bid made by Lufthansa, following the expiry on September 9 of the extended acceptance period. Upon completion of these further transactions, Lufthansa will indirectly hold 95.4 percent of Austrian Airlines shares (excluding those shares held by Austrian Airlines itself).

On February 27, 2009, Lufthansa submitted a public takeover offer to all free-float shareholders of Austrian Airlines through ÖLH Österreichische Luftverkehrs-Holding-GmbH. Payment of the takeover price of 4.49 euros net per Austrian Airlines share offered for sale during the extended grace period will be made by September 23 at the latest.

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