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Thomas Cook aims to buy remaining Condor shares sooner than planned - report


Published : Wed, 04 Apr 2007 16:29
By : Agencies
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FRANKFURT (AFX) - KarstadtQuelle AG tourism unit Thomas Cook AG aims to gain 100 pct ownership of airline Condor from Deutsche Lufthansa AG sooner than planned, so that it can then sell the carrier, Sueddeutsche Zeitung reported, without citing sources.

Thomas Cook could sell Condor to Air Berlin Plc, the newspaper said in an article to be published tomorrow.

Lufthansa currently holds 24.9 pct of Condor, while Thomas Cook has 75.1 pct.

Lufthansa in December raised its holding in Condor from 10 pct and agreed to hold the stake for two years before giving KarstadtQuelle the chance to buy the carrier's remaining shares.

maria.sheahan@thomson.com

mas/cml

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