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.
Lufthansa Acquiring Italy’s ITA Airways In Early 2025
4 days ago · EU approves Lufthansa’s ITA Airways investment. Lufthansa Group is acquiring a 41% stake in ITA Airways for a capital contribution of €325 million, and the transaction will close in very early 2025.
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...
Lufthansa nears deal to buy Italy's ITA | Reuters
Nov 12, 2024 · Germany's Lufthansa Group said it had submitted a package of remedies to the European Commission needed to secure EU antitrust approval to take a minority stake in Italy's ITA Airways,...
EU approves remedies from Lufthansa-ITA Airways deal
1 day ago · The European Commission has approved the package of remedies proposed to allow Lufthansa to take a minority stake in Italian carrier ITA Airways. EasyJet will be the big winner as it has been granted slots to enable it to expand operations at both Milan Linate and Rome Fiumicino airports from spring ...
Italy puts ITA-Lufthansa deal on hold due to price dispute, …
Nov 5, 2024 · Italy's Treasury has put on hold the sale of a minority stake in ITA Airways to Lufthansa because of a dispute with the German carrier over the agreed price, two sources familiar with the...
ITA Airways set to join Lufthansa Group, with Star Alliance shift ...
Jul 3, 2024 · The European Union has approved Lufthansa Group's acquisition of Italian flag carrier ITA Airways. The airline is expected to join the Miles & More loyalty program and Star Alliance.
Lufthansa Group reaches agreement on the acquisition of 41 per …
Today, Deutsche Lufthansa AG reached an agreement with the Italian Ministry of Economy and Finance (Ministero dell’Economia e delle Finanze, MEF) to acquire a minority stake in the Italian national carrier ITA Airways (Italia Trasporto Aereo S.p.A.). Lufthansa will obtain a 41 percent stake in ITA for EUR 325m through a capital increase.
Lufthansa reveals plans for ITA Airways as post-merger planning ...
1 day ago · Following the European Commission granting its final approval to the Lufthansa Group’s takeover of ITA Airways on November 29, 2024, the German airline’s initial plans for its latest acquisition have been revealed in a report published by the Italian language publication, Corriere Della Serra.. According to sources close to the negotiations, the report states that the plans for ITA Airways ...
EU gives green light for Lufthansa Group to acquire Italian airline ITA
Jul 3, 2024 · The European Commission has approved Lufthansa Group's proposed acquisition of Italian flag carrier ITA Airways following an investigation by EU antitrust regulators.
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