Europe’'s largest airline group Lufthansa on Tuesday, Italian ITA Airways announced its current minority stake in ’. ’a announced its intention to launch.
Lufthansa Group said that Lufthansa’ will use the option to buy a majority stake in ITA Airways “ in June this year for the previously agreed purchase price of 325 million Euro’.
The deal, approved by the company's board of directors on Monday, will continue to be subject to regulatory approvals in both the European Union and the US ’.
Lufthansa, January 2025’te ITA Airways’in Since acquiring a minority stake in ’, he has reserved the right to gradually increase his ownership.
Previously, the airline %It is the Italian government that holds 59 ’. From now on %He'll keep his 10 shares.
Analysts said the move accelerated consolidation in the European airline sector, providing stronger access to the Lufthansa’ya Italian market and long-term growth opportunities through Rome.
The company said the increased ownership means that “ITA Airways’ will be fully integrated into the Lufthansa Group, both organizationally and financially.
Lufthansa CEO’ Carsten Spohr, “, said that all interfaces for the customer are already integrated, with the exception of ” “ North Atlantic flights, where regulatory approval for our merger is still pending”.
If approved, the purchase is expected to be completed in the first quarter of 2027.
In a separate statement, ITA Airways president Joerg Eberhart welcomed the agreement as a step of great industrial and strategic importance for “ITA Airways, saying that the airline's full integration into the ”Lufthansa Group will allow us to compete more strongly in international markets.
Lufthansa’'s share price in the afternoon Europe’da %Two is up.
