IAG and Lufthansa agree on bmi price

International Airlines Group (IAG) has managed to land the British Midland (bmi) airline after protracted negotiations with current owner, Deutsche Lufthansa.

International Airlines Group (IAG) has managed to land the British Midland (bmi) airline after protracted negotiations with current owner, Deutsche Lufthansa.

IAG, the company formed by the merger of British Airways and Iberia, is to pay £172.5m in cash for bmi from its own funds. However, the price is subject to significant reductions if Lufthansa fails to sell bmibaby before competition.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.