Air Transport World

Lufthansa Cargo AG. (Cargo).(DHL Airways Inc.; Deutsche Post World Net)(Brief Article)(Statistical Data Included)

Lufthansa Cargo AG is selling its 25% stake in DHL International to Deutsche Post World Net for [euro]610 million ($593 million). The agreement, which lifts the German postal service's stake to 75%, is subject to regulatory approval. Lufthansa said it will book a [euro]400 million exceptional profit this year on the transaction, under which DP initially will pay [euro]550 million with a further EGO million deferred under a debtor-warrant agreement. …

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