IAG beats off rival Virgin to acquire bmi for £172.5m

Via IOL Business | 23 Dec 2011 - 05:00:00

British Airways (BA) owner IAG has agreed to buy Lufthansa’s British unit, bmi, for £172.5 million (R2.2 billion), seeing off rival bidder Virgin in the race to grab loss-making bmi’s coveted runway slots at London Heathrow. Source