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Article: GERMAN CONSORTIUM CLEARED TO PURCHASE STATE-OWNED MOTORWAY SERVICES.
- Article from:
- European Report
- Article date:
- December 9, 1998
CopyrightCOPYRIGHT 1998 Europe Information Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The European Commission has approved the sale of the German state-owned Autobahn Tank & Rast AG, which owns the vast majority of motorway service stations in Germany, to a consortium of Allianz Capital Partners GmbH, the German insurance group's holding company, Lufthansa Service Holding AG (LSG), the catering wing of the national airline, and three investment trusts. Tank & Rast owns most of the plots of land on which the German motorway service areas are located, too.
Under the terms of the ...