Lufthansa on 1 November will own all of bmi after a Lufthansa-affiliated holding company acquires a 20 percent bmi stake held by SAS Group

. According to a Lufthansa statement, LHBD Holding Limited will pay SAS £19 million (US$30 million) for its stake plus another £19 million "for the cancellation of its rights resulting from the shareholder agreement dated 1999." Lufthansa in June reached a deal with bmi chairman Sir Michael Bishop to acquire a controlling interest in the U.K. carrier.