IAG in ‘detailed talks’ to buy BMI / IAG faces lengthy BMI takeover probe / IAG offers more slots in bid for BMI

Article reported that International Airlines Group emerged in November 2011 as frontrunner to buy BMI British Midland, Lufthansa’s loss-making UK subsidiary.

IAG - parent of British Airways and Iberia - had entered 'detailed talks' with Lufthansa and could conclude an outline deal to purchase BMI during November, which may then need regulatory approval, said people familiar with the situation.

ESO: Background information: IAG looks at three potential mergers / Airline consolidation to take off once more http://www.europeansources.info/record/iag-looks-at-three-potential-mergers-airline-consolidation-to-take-off-once-more/

European Commission: Prior notification of a concentration (Case COMP/M.6447 — IAG/bmi) http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2012:046:0014:0014:EN:PDF

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