On July 1 the UK-based investment group LHBD Holding Ltd, in which Lufthansa owns a 35% stake, acquired the majority share in the British airline bmi from the BBW Partnership for £48 million. After LHBD gains the necessary traffic rights, the German airline's parent will purchase all of the holding company, completing the convoluted and recently turbulent take-over of bmi by Lufthansa.rnThe latest agreement follows the cancellation of a previous put/let deal negotiated in 1999, under which the chairman of bmi, Sir Michael Bishop, would sell his 50% plus one share in the airline (see Lufthansa To Take Control of bmi, December 2008, p5). Sir Michael's shares were held by the BBW Partnership.
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