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 Group Reaches Agreement With Italian Government For ITA Airways
2 days ago · When Lufthansa Group and the MEF agreed to acquire 41% of ITA Airways’ shares in May 2023, the price for the initial stake was set at €325 million ($345.1 million) through a capital increase. In addition, the MEF would also inject €250 million ($265.5 million) into the Italian carrier through a capital increase.
Italy reaches deal with Lufthansa on ITA Airways stake
2 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 ...
Italy says all systems go for Lufthansa to buy into ITA - Yahoo …
2 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 ...
Italy puts ITA-Lufthansa deal on hold due to price dispute, …
Nov 5, 2024 · 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.
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 Group reaches agreement on the acquisition of ...
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.