INTRO-Verwaltungs declares interest in Air Berlin takeover
August 21, 2017
Air | Berlin, Germany | Acquisition
Conglomerate INTRO-Verwaltungs has indicated its formal interest in acquiring struggling airline Air Berlin. The bid is reportedly backed by partners and financial investors, with the aim of keeping Air Berlin operationally independent. Air Berlin received a government loan last week to keep it from going bankrupt, while rival Lufthansa recently won the right to bid on some of the company's assets before other parties.