ITA, Lufthansa

German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier.
ITA Airways Joins Lufthansa Group As Transaction Closes
Lufthansa Group officially purchased a 41% stake in ITA Airways Jan. 17 with its capital infusion of €325 million ($334 million), making the Italian carrier its fifth network airline. The remaining 59% of ITA will initially continue to be held by the Italian Ministry of Economy and Finance (MEF)...
Lufthansa-ITA tie-up finalized
Lufthansa's stake in the Italian company was valued at 325 million euros (335 million U.S. dollars). By doing so Lufthansa owns 41 percent of ITA Airways' shares, with the rest held by the Italian Treasury. The German carrier has an obligation to acquire the remaining ITA shares in the following years.
Lufthansa takes first step in Italy's ITA Airways takeover
Germany's Lufthansa announced on Friday that it has taken the first step towards a takeover of Italy's state-owned ITA Airways by completing an approved capital increase of €325 million ($334 million).
Possible last-minute delay to Lufthansa deal with Italy's ITA Airways
German airline giant Lufthansa's investment in the Italian state-owned airline ITA Airways, which Lufthansa executives expected to be announced on Monday, may face last-minute delays. The closing of the long-agreed deal had not been announced by Monday afternoon,
Italy And Lufthansa Seal ITA Airways Deal
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.
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 finalises acquisition of 41% stake in Italy's ITA
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.
Lufthansa Closes Deal for 41% of ITA Airways
On Wednesday, the Lufthansa Airlines Group (LH) finalized its acquisition of a minority stake in ITA Airways (AZ). The German airline group now owns 41% of the Italian carrier, with the Italian Ministry of Economy and Finance (MEF) owning 59%.
Flightglobal1h
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 ...
Lufthansa CEO expects Italy's ITA to boost profits by hundreds of millions, FAZ reports
Lufthansa expects its planned stake in Italy's ITA Airways to increase the German flagship carrier's profits by hundreds of ...
avionews.it5h
ITA Airways: first meeting of the new Board of Directors
The new Board of Directors of ITA Airways convened today, appointed by the Ordinary Shareholders' Meeting of ITA Airways held ...
Italian Ministry Appoints ITA Airways Board Of Directors
Two out of the five new ITA Airways directors are Lufthansa's executives, including Joerg Eberhart, who will be the CEO of ...