Lufthansa Group Acquires 41% Stake in ITA Airways in $353 Million Deal
ITA Airways joins Lufthansa, SWISS, Austrian Airlines, and Brussels Airlines as part of the Lufthansa Group's network.
Press Release: Lufthansa Group finalizes 41% stake in ITA Airways
The Italian airline ITA Airways is a new member of the Lufthansa Group. The Italian Ministry of Economy and Finance (MEF) and Europe’s leading aviation group concluded the transaction today. As a result, the Lufthansa Group has a 41 percent stake in the Italian airline ITA Airways. The remaining 59 percent will initially continue to be held by MEF.
ITA Airways (2). Lufthansa Group finalizes 41 percent stake
The Lufthansa Group will provide further information at a press conference in Rome on 03 February, 2025. The Italian airline ITA Airways is a new member of the Lufthansa Group. Th
Lufthansa-ITA tie-up finalised with transfer of two-fifths stake in Italian carrier
Germany's Lufthansa Group has completed its long-sought acquisition of Italian carrier ITA Airways, finalising on 17 January its acquisition of a two-fifths stake in the company.
German Lufthansa seals deal to get 41% of ITA Airways, full control by 2033
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.
Lufthansa Group acquires 41% stake in ITA Airways
German aviation company Lufthansa Group has acquired a 41% stake in ITA Airways. Lufthansa Group can opt to acquire the remaining shares. The Italian Ministry of Economy and Finance (MEF) retains the remaining 59% of ITA Airways for now. The transaction was officially sealed with a capital increase of €325m ($334m) by Lufthansa.
Germany’s Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
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.
Lufthansa finalizes 41% stake in Italy's ITA Airways for $350 million, eyes full acquisition
Germany's Lufthansa Group (OTCQX:DLAKY) (OTCQX:DLAKF) finalized its acquisition of a 41% stake in the Italian airline ITA Airways for €325 million (approximately $350 million) from the Italian government.
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German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
The commission noted that Lufthansa, ITA and its partners, for example, control most routes from Rome and Milan to North America. Under the deal, the merged company must make it possible for rival ...
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