EU limits review of Lufthansa's Air Berlin asset purchase
[BERLIN] The European Commission said on Wednesday that Lufthansa had decided to exclude Niki from the assets of Air Berlin it planned to buy and would limit its antitrust review to the German carrier's proposed acquisition of LGW.
Lufthansa said it had abandoned its plan to buy Niki after being told by the Commission that it would not allow the deal. However, the Commission said in a statement that its investigation was ongoing and no decision had been taken.
The Commission said it would limit its review to Lufthansa's proposed purchase of a different Air Berlin subsidiary, LGW.
"We have to make sure that mergers do not make consumers worse off. It was clear from the start that Lufthansa and Air Berlin overlap on a very significant number of routes, with clear risks to Austrian, Germans and Swiss consumers and to effective competition," the Commission said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Global car giants seek tech allies in China’s cutthroat EV market
Elon Musk proposed to launch robotaxis in China during April visit: state media
Tesla sends top executive back to China as sales slump worsens
Qantas boss says demand for premium class seats at record levels
Lyft beats on bookings, adds new riders
Geely, Foretellix partner to jump-start self driving car development