Lufthansa nears deal to buy Italy's ITA | Reuters
2 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 merger talks with ITA Airways back on track - AeroTime
1 day ago · A last-minute deal between the Italian Minister for Economy and Finance and executives from Lufthansa has brought merger talks between the German airline group and Italian flag carrier ITA Airways back on track. In an agreement reached between the parties in 2023 and cleared by the European Commission in 2024, the German airline is set to ...
Lufthansa Nears Deal to Take Over Italy’s ITA Airways - MSN
The German airline had asked for a discount on the €325 million ($346 million) price tag for a 41% stake in ITA because its value had fallen since the original 2023 accord.
Lufthansa reaches deal to secure stake in Italy's ITA Airways - MSN
This follows Lufthansa already having bought a 41% stake in ITA Airways, also for €325m, with an option to increase it to 100% down the line. Although Lufthansa reached a deal with the Italian ...
Rome and Lufthansa Group resolve impasse over ITA Airways
2 days ago · By Hilka Birns 12Nov2024. Italy and Lufthansa Group have resolved a last-minute impasse that had threatened to jeopardise the partial sale of ITA Airways (AZ, Rome Fiumicino), with the Ministry of Economy and Finance (MEF) confirming that a final package of remedies submitted to Brussels is in line with the original agreement from July 3, 2023.
Italy puts ITA-Lufthansa deal on hold due to price dispute, sources …
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 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.
Lufthansa Gets EU Nod for ITA Deal in Win for Italy’s Meloni
Jul 3, 2024 · Deutsche Lufthansa AG’s €325 million ($350 million) investment in Italy’s ITA Airways won approval from the European Union, allowing Prime Minister Giorgia Meloni to offload responsibility for...