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.

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,

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,

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.

Italy and Lufthansa finalised their agreement Wednesday for the German airline to acquire a minority stake in ITA Airways, the state-owned carrier born from the ashes of Alitalia.

The deal has faced tough scrutiny from the Brussels-based European Commission, particularly its effect on long-haul travel

Lufthansa is set to buy 41% of ITA, the successor airline to bankrupt Alitalia, for 325 million euros ($335 million). The European Commission approved in November a package of competition remedies securing more routes for the German flag carrier's peers ...

Lufthansa has finalised its acquisition of a 41% stake in ITA Airways, Italy's state-owned successor to Alitalia, for €325 million ($334 million). The

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.

Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023. Most Read from BloombergThese Homes Withstood the LA Fires.

The expanded probe by the European Commission, announced on Friday, requires X to hand over internal documents regarding its recommendation algorithm. The Commission also issued a “retention order” for all relevant documents relating to how the algorithm could be amended in future.

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