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Europe Daily Bulletin No. 7869

22 December 2000
Contents Publication in full By article 22 / 43
GENERAL NEWS / (eu) eu/competition
SAir group, REWE and Oppenheim are authorised to jointly take-over LTU (aviation)

Brussels, 21/12/2000 (Agence Europe) - The European Commission authorised the Swiss aviation group SAir Group, the REWE group as well as the private independent German bank Oppenheim to take-over the airline LTU. The operation notified to on 20 November to the Commission, foresees that the 49.9% stake of Sair Group remains unchanged, while the REWE distribution group will take a 40% stake and Oppenheim 10.1% acquired from the family shareholders of LTU and WestLB. The Commission notes that...

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