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Italy, Lufthansa and Germany
German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
Germany's Lufthansa Group on Friday finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier.Under the 325-million-euro ($350 million) deal,
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.
Lufthansa takes first step in Italy's ITA Airways takeover
Germany's Lufthansa announced on Friday that it has taken the first step towards a takeover of Italy's state-owned ITA Airways by completing an approved capital increase of €325 million ($334 million).
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,
Ita-Lufthansa, closing postponed: still a few days to pay 325 million euros
The closing of the Ita-Lufthansa operation is postponed: a few more days will be needed to formalize the acquisition and the payment of the 325 million euros needed to buy 41% of Ita Airways. According to rumors,
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 finalises acquisition of 41% stake in Italy's ITA
Lufthansa finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, it said on Friday, in a deal designed to boost the carrier's presence in the lucrative southern European market.
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%.
FIRSTonline
6d
Ita-Lufthansa, take off: acquisition on January 13. Eberhart new CEO. Ten thousand hires, over half in Germany
Ita-Lufthansa, the acquisition closes on Monday, January 13. After a troubled process, the deal is signed, with the German ...
Euro Weekly News
4d
News snippets from the European Press
A RECORD 844,427 people visited the Atomium in Brussels last year, just above 2023’s 840,325 which also set a record ...
Yahoo Finance
1mon
European Commission approves Lufthansa deal with Italy's ITA
The European Commission has authorised the entry of
Germany
's Lufthansa into Italian ... state-owned airline
Alitalia
. According to the latest figures, the company has just under 4,900 employees.
5d
on MSN
Lufthansa CEO Expects Italy's ITA to Boost Profits by Hundreds of Millions, FAZ Reports
BERLIN (Reuters) - Lufthansa expects its planned stake in Italy's ITA Airways to increase the German flagship carrier's ...
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