Lufthansa Nears Deal to Take Over Italy’s ITA Airways
Deutsche Lufthansa AG is on track to complete its takeover of ITA Airways after ironing out differences with the Italian government over the purchase of the unprofitable carrier. The Italian government said late Monday that it has presented a set of remedies to the European Commission over concerns about the deal.
Lufthansa reaches deal to secure stake in Italy's ITA Airways
The Italian government has announced that it has reached a deal with Lufthansa Group, regarding the latter wanting to acquire a 49% stake in ITA Airways, Italy’s flagship carrier. The sale is expected to be worth €325m. Lufthansa’s share price ...
Italy and Lufthansa reach deal on ITA Airways stake
The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German airline, Rome announced Monday evening, hours before a midnight deadline to present the agreement to European regulators.
Italy reaches deal with Germany's Lufthansa to buy into state-owned airways
ROME, Nov. 12 (Xinhua) -- The Italian government reached a deal with Germany's Lufthansa in order to finalize the acquisition by the German group of a minority stake in Italy's ITA Airways, Italy's Economy and Finance Ministry has said.
Lufthansa, ITA Airways Deal Threatened In Last-Minute Price Dispute
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Lufthansa nears deal to buy Italy's ITA
Lufthansa Group submitted a package of remedies to the European Commission needed to secure antitrust EU approval to take a minority stake in ITA Airways, the German airline said on Tuesday, bringing it a step closer to closing the deal after a dispute with Italy's Treasury last week put it on hold.
Lufthansa takeover of Alitalia nearing completion
German airline Lufthansa's $356m investment in Italian state-owned airline Alitalia is close to being finalized after the airline resolved its differences with the Italian government, reported Bloomberg.
Italy says all systems go for Lufthansa to buy into ITA
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 competition authority, Italy's finance ministry said on Monday.
Italy sends remedies for ITA-Lufthansa deal to EU commission
Italy's Treasury said late on Monday it sent to the European Commission the package of remedies needed to secure EU antitrust approval for the tie-up between ITA Airways and Germany's Lufthansa. The German carrier is looking to acquire a 41% stake in state-owned ITA but the deal was put on hold last week due to a dispute between the Treasury and Lufthansa over the agreed price.
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Lufthansa nears deal to buy Italy's ITA Airways
Germany's Lufthansa Group said it had submitted a package of remedies to the European Commission needed to secure EU ...
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Italy reaches deal with Lufthansa on ITA Airways stake
The Italian government and German airline Lufthansa reached a deal on the sale of a minority stake in flag carrier ITA ...
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