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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Total News Sources0
Leaning Left6Leaning Right2Center3Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 27%
R 18%
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