BERLIN (Reuters) -Lufthansa is set to acquire a stake in Italian state-owned airline ITA on Jan. 13, a source familiar with the situation told Reuters on Wednesday, bringing to a close years of talks.
Lufthansa's Upcoming Acquisition of ITA Stake in 2025
BERLIN (Reuters) -Lufthansa is set to acquire a stake in Italian state-owned airline ITA on Jan. 13, a source familiar with the situation told Reuters on Wednesday, bringing to a close years of talks.
DPA news agency first reported on the date, which Lufthansa CEO Carsten Spohr announced at an employee event, according to the report.
A Lufthansa spokesperson declined to comment on the specific date and reiterated that the acquisition was expected to close in early 2025.
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, paving the way for the deal to go through.
($1 = 0.9702 euros)
(Reporting by Klaus Lauer and Rachel More, editing by Madeline Chambers and Thomas Seythal)
