Swissair Acquires 50 Percent Stake In Tour Operator LTU
Swissair has acquired nearly a 50% stake in German tour operator LTU. According to the German newspaper, Welt am Sonntag, the carrier is paying 41 million Swiss francs (US$295 million) - about the equivalent of LTU's revenues in 1997 - for 49.9% of the tour company's shares. The premium price was...
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