Lufthansa Group has taken over 100% of SN Airholding, the parent company of Brussels Airlines, in a deal to fully integrate the Belgian carrier into Lufthansa’s Eurowings Group in 2018.
The price for the acquisition of the remaining 55% of the shares is €2.6 million, which will be transferred to a consortium of 30 shareholders.
Lufthansa bought 45 percent of Brussels Airlines owner SN Airholding in 2009 for 65 million euros ($73 million), with an option to acquire the rest from 2011.
Because Lufthansa has loaned 45 million euros to Brussels Airlines, the German carrier can buy the rest for as little as 2.6 million euros more, which has irked Belgian shareholders of the holding firm.
Liedekerke Wolters Waelbroeck Kirkpatrick has advised the committee representing the 34 historical shareholders in the negotiations with the German airline company Lufthansa for the acquisition by the latter of the remaining 55% of the holding of the Belgian airline company Brussels Airlines, with a team led by partner Thierry Tilquin (picture) and counsel Thérèse Loffet.
Law Firms: Liedekerke Wolters Waelbroeck Kirkpatrick;
Clients: Brussels Airlines;