Austria to decide on Lufthansa/AUA extension this week

Austria's takeover commission said on Tuesday it would meet this week to decide on whether Lufthansa (LHAG.DE) can have more time to clear up conditions on its planned takeover of Austrian Airlines (AUAV.VI).

Lufthansa has asked the Vienna-based takeover commission to extend the deadline to Aug. 31 from July 31 so that it can continue to work out deal conditions with the European Commission.

The takeover commission's senate will meet this week to decide on Lufthansa's request, spokesman Stefan Arnold said.

"The choice depends primarily on the interests of the minority shareholders as well as the parties involved in the deal and taking into account the combined interests of all sides," he said in a statement. link....