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The European Commission announced its conditional approval for Deutsche Lufthansa’s proposed 41 percent stake in Italy’s ITA Airways. The deal, negotiated last year, has Lufthansa paying €325 million for its stake in the carrier, with the Italian finance ministry also…
Press reports today indicate that Lufthansa is likely to obtain anti-trust approval for its acquisition of a stake in the state-owned Italian airline ITA, sources said on Thursday.