Lufthansa Wins EU Approval for €325 Million ITA Airways Deal.

Lufthansa got the EU's conditional approval to buy a minority stake in ITA Airways, the Italian carrier formerly known as Alitalia.: Lufthansa got the EU’s conditional approval to buy a minority stake in ITA Airways, the Italian carrier formerly known as Alitalia. (Fri, 05 Jul 2024 00:01:00 -0400)

It took a year of wrangling with the European Commission for Germany's Lufthansa to gain approval to buy 41% of Italy's ITA Airways, and only after it accepted big concessions.

Lufthansa Secures EU Approval for ITA Airways Stake Acquisition German airline Lufthansa has received the green light from the EU to acquire a 41% stake in Italy’s state-owned ITA Airways. The €325 million deal aims to bolster Lufthansa’s presence in Italy, one of Europe’s most lucrative travel markets. The European Commission’s approval comes after a thorough antitrust investigation. The Commission concluded that the merger would not violate competition rules,…

EU commission approves Lufthansa purchase of long-troubled Italian airline ITA, with conditions The European Commission has approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competition #press