The European Commission Monday opened an in-depth investigation into German airline Deutsche Lufthansa AG's (LHA.XE) bid to buy SN Holding SA, the parent company of SN Brussels Airlines.

An initial investigation showed the deal "could significantly impede effective competition," particularly for routes between Belgium and Germany and Belgium and Switzerland, the commission said in a statement.

Under the terms of the deal, Lufthansa will pay EUR65 million to buy 45% of the company, with an option to buy the rest of the business in 2011.

The commission now has a June 10 deadline to make a final decision on whether to allow the deal.

-By Adam Cohen, Dow Jones Newswires; +322 741 1486; adam.cohen@dowjones.com

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