Lufthansa finalises acquisition of 41% stake in Italy's ITA
Lufthansa has finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, in a deal designed to boost the carrier's presence in the lucrative southern European market.
Lufthansa's Strategic Sky-High Acquisition: ITA Airways Deal Sealed
Lufthansa Group completed its acquisition of Italy's ITA Airways, formerly Alitalia, finalizing a deal worth 829 million euros. Lufthansa now holds 41% of ITA, aiming for full control by 2033. This acquisition addresses competition concerns by allowing rival airlines access to certain routes,
Italy And Lufthansa Seal ITA Airways Deal
Italy and Lufthansa finalised their agreement Wednesday for the German airline to acquire a minority stake in ITA Airways, the state-owned carrier born from the ashes of Alitalia.
Lufthansa finalizes deal for 41 per cent stake in Italy’s ITA Airways
The deal has faced tough scrutiny from the Brussels-based European Commission, particularly its effect on long-haul travel
German Lufthansa seals deal to get 41% of ITA Airways, full control by 2033
Germany's Lufthansa Group on Friday finalised its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy's former flagship carrier.
Germany’s Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
Under the €325-million ($350-million) deal, Lufthansa takes an initial 41 per cent stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of €829-million. The remaining 59 per cent will initially continue to be held by the Italian Treasury.
Lufthansa Finalizes Deal for 41% Stake in Italy’s ITA Airways
Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023. Most Read from BloombergThese Homes Withstood the LA Fires.
Lufthansa Closes Deal for 41% of ITA Airways
On Wednesday, the Lufthansa Airlines Group (LH) finalized its acquisition of a minority stake in ITA Airways (AZ). The German airline group now owns 41% of the Italian carrier, with the Italian Ministry of Economy and Finance (MEF) owning 59%.
German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for ...
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Lufthansa to acquire stake in Italy's ITA next week, source says
Lufthansa is set to buy 41% of ITA, the successor airline to bankrupt Alitalia, for 325 million euros ($335 million). The ...
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European Commission approves Lufthansa deal with Italy's ITA
The European Commission has authorised the entry of ... state-owned airline Alitalia. According to the latest figures, the company has just under 4,900 employees.
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EU gives final approval to ITA-Lufthansa deal
(ANSA) - ROME, NOV 30 - The European Commission has given the final green ... the company that replaced the loss-making former flag-carrier Alitalia in 2021. (ANSA).
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European Commission: To Order Lufthansa to Reinstate Condor's Access to Lufthansa's Feed Traffic to and From Frankfurt Airport
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...
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Ola Kallenius, who also leads the largest carmaker association in Europe, says the fines will hurt car companies. Experts ...