Lufthansa nears deal to buy Italy's ITA | Reuters
3 days ago · Lufthansa in July won EU antitrust approval to buy 41% of state-owned ITA, the successor airline to bankrupt Alitalia, for 325 million euros ($354 million), in a deal designed to boost its ...
Italy reaches deal with Lufthansa over sale of stake in ITA
3 days ago · Italian media reported that the deal faced a delay last week when Lufthansa requested a discount on the of €10 million ($10.65 million) on the €325 million purchase price of a 49% stake in ITA ...
Italy reaches deal with Lufthansa on ITA Airways stake
3 days ago · An ITA Airways airplane pictured on a runway of Rome's Fiumicino airport in September 2024. Photo by Andreas SOLARO / AFP. The Italian government and German airline Lufthansa reached a deal on the sale of a minority stake in flag carrier ITA Airways on Monday evening – hours before a midnight deadline to present the agreement to European ...
Lufthansa Nears Deal to Take Over Italy’s ITA Airways
3 days ago · Deutsche Lufthansa AG is on track to complete its takeover of ITA Airways after ironing out differences with the Italian government over the purchase of the unprofitable carrier.
Italy says all systems go for Lufthansa to buy into ITA - Yahoo …
3 days ago · Lufthansa had no immediate comment. The German carrier is to initially acquire 41% of ITA's shares for €325 million ($346 million) with an option to buy the whole company, which would cost more ...
Italy puts ITA-Lufthansa deal on hold due to price dispute, …
ROME/FRANKFURT, Nov 5 (Reuters) - Italy's Treasury has put on hold the sale of a minority stake in ITA Airways to Lufthansa. (LHAG.DE) because of a dispute with the German carrier over the agreed ...
Lufthansa gets EU nod to buy $350 million stake in Italy's ITA
Jul 3, 2024 · BRUSSELS/FRANKFURT/ROME, July 3 (Reuters) - Lufthansa (LHAG.DE) won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and...
EU commission approves Lufthansa purchase of ... - Associated Press News
Jul 3, 2024 · Lufthansa will invest 325 million euros ($350 million) to acquire a 41% stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829 million euros.
Lufthansa Group reaches agreement on the acquisition of ...
Deutsche Lufthansa AG will acquire 41 percent stake in ITA Airways through a capital increase of EUR 325m – with the option to acquire all remaining shares at a later date. Growth opportunity for Lufthansa Group and broader access to important Italian aviation market.
EU Commission gives "green light" for Lufthansa Group’s …
Lufthansa Group, the Italian Ministry of Economy and Finance (MEF) and ITA Airways have expressly welcomed the EU Commission's approval under competition law.