LHBD - What does LHBD stand for? The Free Dictionary
References in periodicals archive
, which is 35%-owned by German flag carrier Deutsche Lufthansa AG, will pay GBP19m for the shares in BMI, while Lufthansa will pay SAS another GBP19m for the cancellation of its rights resulting from the shareholder agreement dated 1999.
Under the agreement LHBD
will acquire the 20% stake for approximately GBP19m.
Lufthansa said it expects to be able to acquire 100% of LHBD
after obtaining the necessary traffic rights.
Lufthansa is to acquire Bishop's 50 percent-plus-one-share stake in BMI on 1 July for GBP 48 million (USD 79 million) through UK-based LHBD
, and also pay Bishop's company GBP 175 million to cancel a put option that had been at the centre of the dispute.