Deutsche Lufthansa AG (Lufthansa) and International Airlines Group (IAG), the owner of British Airways, have signed a binding agreement for the sale of British Midland Limited (bmi) to IAG for £172.5m (approx. €207m) in cash. Lufthansa has the option of selling the ‘bmi regional’ and ‘bmibaby’ units separately before the sale is completed, expected by the end of the first …

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