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. While the EC has not made a final decision, the outlook is…
The European Commission is re-evaluating a new proposal from ITA and Lufthansa regarding the 41% stake Lufthansa Group is seeking in the Italian carrier, formerly Alitalia. After earlier rejections, the two carriers have proposed additional conditions contained in a revised…
On January 23, the European Commission opened an investigation into Lufthansa’s proposed ITA acquisition. Today, the findings have been published, with a Statement of Objections. The summary states: The Commission is concerned that the transaction may Reduce competition on a certain…
A report today in the Italian newspaper La Repubblica indicated that Lufthansa Group may back away from the planned purchase of a stake in ITA Airways. The European Commission on Competition is investigating Lufthansa’s proposed 41% purchase of ITA Airlines…
The acquisition of ITA Airways by Lufthansa Group has entered a new phase. Lufthansa and the Italian Ministry of Economy and Finance have formally notified the European Commission on Thursday after a lengthy pre-notification phase that took longer than expected. Brussels will…