* Qatar Airways to take 35 percent stake
* Deal to be signed on Thursday
* Qatar Airways seen as long-term investor
BRUSSELS, June 8 Qatar Airways is on the verge
of buying a 35 percent stake in Cargolux, providing a long-term
investor for Europe's largest all-freight airline.
A Cargolux spokeswoman said on Wednesday that a deal would
be signed on Thursday, with Qatar Airways acquiring holdings
that the Luxembourg state and other groups bought during the
The Luxembourg government and other groups took over
Swissair Group's 33.7 percent stake in privately held Cargolux
as a temporary measure at the end of 2009 after the Swiss
airline went into liquidation.
Since then Cargolux has been looking for a long-term
investor to take on the stake.
"(Qatar Airways) have very ambitious growth plans overall,
but they also want to become a major player in air cargo so we
clearly view them as being a strategic long-term partner," said
the Cargolux spokeswoman.
A report in FT Deutschland published on Wednesday put the
value of the stake at 150-200 million euros ($220-$293.4
million). The company declined to comment on the price of the
Qatar Airways, half-owned by the Gulf Arab state's sovereign
wealth Qatari Investment Authority, said in May it expected to
sign a deal with Cargolux. [ID:nLDE74115V]
(Reporting by Ben Deighton; Editing by Mike Nesbit)