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 ...
Lufthansa gets EU nod to buy $350 million stake in Italy's ITA
Jul 3, 2024 · Lufthansa won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and slots, with the news boosting rival IAG's shares and...
EU commission approves Lufthansa purchase of long-troubled …
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.
Italy says all systems go for Lufthansa to buy into ITA - Yahoo …
3 days ago · Tue, Nov 12, 2024, 12:12 AM1 min read. The path for Lufthansa to take over the state-owned Italian airline ITA is clear, as the required documents for the buyout were submitted on time to the EU ...
Lufthansa Group reaches agreement on the acquisition of 41 per …
Italian Ministry of Economy and Finance and Deutsche Lufthansa AG agree on a minority stake in ITA Airways. 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.
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 ...
European Commission Approves Lufthansa's Takeover Of ITA Airways
Jul 3, 2024 · The EC has approved Lufthansa's purchase of 41% of ITA Airways with concessions on transatlantic ventures and slot monopolies. Concerns over monopolies on European routes have been addressed by Lufthansa by giving up slots at Milan Linate Airport.
Lufthansa close to getting go-ahead for Italy's ITA Airways deal
Jun 14, 2024 · Lufthansa says it is close to getting the go ahead from the European Union (EU) for its takeover of the Italian national carrier ITA Airways, with the EU competition authority about to sign...
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.
Lufthansa Secures Approval for ITA Airways Deal - Skift
Jul 3, 2024 · Lufthansa Group approved to acquire 41% stake in ITA Airways. Approval includes conditions to address competition concerns, such as providing assets to rival airlines.