Cargolux to reclaim shares from Swissair
The board of Luxembourg-based cargo airline Cargolux has reached an agreement to buy back 33.7 percent of it shares from Swiss International Air Lines (Swissair) on behalf of its other shareholders. No financial details were disclosed.
Existing shareholders in Cargolux, excluding Swiisair, are: Luxair (34.9 percent); BGL Investment Partners (11.5 percent); BCEE (8.8 percent); SNCI (8.6 percent) and Lux-AVANTAGE (2.2 percent).
Swissair was recently taken over by Lufthansa.