23-Dec-2011 9:47 AM
IAG: Binding Agreement for bmi purchase
Direct News Source
22-Dec-2011 Following the announcement on November 4, 2011, International Airlines Group (IAG) and Deutsche Lufthansa AG (Lufthansa) have today reached a binding agreement for IAG to acquire British Midland Limited (bmi). The cost is £172.5 million in cash though the price is subject to significant reductions. bmi consists of three distinct business units - bmi mainline, bmi regional and bmibaby.
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