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German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
- Germany's Lufthansa Group has finalized its acquisition of a 41% stake in ITA Airways, as reported in the deal announcement.
- The deal is valued at 325 million euros and aims for Lufthansa to gain full control by 2033 with a total investment of 829 million euros.
- The European Commission approved the acquisition after a year-long investigation with conditions to protect competition.
- Lufthansa stated that the investment will strengthen the Italian and European aviation market and improve offers and connections for passengers.
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With the closing of the transaction, Italians and Germans will now be able to start working together to start the synergies provided for by the agreement. The first repercussions on passengers and their trips as early as February
·Italy
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Lufthansa is taking over the Italian airline ITA, thereby targeting the long-haul markets.
·Zürich, Switzerland
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Lufthansa has acquired a stake in the Italian airline Ita Airways. The German airline will initially take over 41 percent of the shares – the rest will follow.
·Germany
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Associated Press News+4 Reposted by 4 other sources
German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier.
·United States
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Total News Sources33
Leaning Left6Leaning Right2Center3Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 27%
R 18%
Factuality
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