Board Approves LH-Brussels Airlines Deal

The Supervisory Board of Deutsche Lufthansa AG has approved a move to acquire the remaining 55% of shares in SN Airholding, parent company of Brussels Airlines.

The approval paves the way for Lufthansa’s full acquisition of Brussels Airlines.

The goal of Lufthansa and Brussels Airlines’ officials is to complete the transaction by early 2017, after a final vote on the procedures of the call option with existing shareholders.

(http://www.LH.com)