Originally Posted by
ian001
Originally Posted by
Speedbird218
If you own 49% of a privately owned company and one other shareholder owns 51%...you can only ever be a sleeping partner.
218
But that's not what DL is going to be. If the off the record briefings are correct, the investment is a pre-cursor to a joint transatlantic business between DL and VS. That business depends not only on regulatory approval but the quality of the relationship between the two parties and if DL is expected to be treated as a silent partner the joint-business will sink. DL is not buying into a heavily loss making business facing major strategic issues to be a silent equity partner.
I suspect this is where the deal will unravel. SRB is implying that he will not allow VS to be intrinsically changed and his 51% share would guarantee this. Would DL be happy with this situation, I suspect not.