Lufthansa to sell 51% stake in IT unit; Tata, IBM top bidders: report

Lufthansa to sell 51% stake in IT unit; Tata, IBM top bidders: report

Frankfurt: German flagship airline Lufthansa is close to selling a majority of its IT subsidiary Lufthansa Systems, publication manager magazin reported on Thursday.

The two remaining bidders are IBM and Indian conglomerate Tata Group, the magazine said in a prerelease of its Friday edition.

Citing sources close to the deal, the publication said Tata had better chances of securing the deal. The winner would take over 51% of the company, giving it the rights for corporate management, the magazine said.

A Lufthansa spokeswoman declined to comment.

Tata and IBM were not available for comment.

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