Europe\u2019's largest airline group Lufthansa on Tuesday, Italian ITA Airways announced its current minority stake in \u2019. \u2019a announced its intention to launch.<\/p>\n
Lufthansa Group said that Lufthansa\u2019 will use the option to buy a majority stake in ITA Airways \u201c in June this year for the previously agreed purchase price of 325 million Euro\u2019.<\/p>\n
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 \u2019.<\/p>\n
Lufthansa, January 2025\u2019te ITA Airways\u2019in Since acquiring a minority stake in \u2019, he has reserved the right to gradually increase his ownership.<\/p>\n
Previously, the airline %It is the Italian government that holds 59 \u2019. From now on %He'll keep his 10 shares.<\/p>\n
Analysts said the move accelerated consolidation in the European airline sector, providing stronger access to the Lufthansa\u2019ya Italian market and long-term growth opportunities through Rome.<\/p>\n
The company said the increased ownership means that \u201cITA Airways\u2019 will be fully integrated into the Lufthansa Group, both organizationally and financially.<\/p>\n
Lufthansa CEO\u2019 Carsten Spohr, \u201c, said that all interfaces for the customer are already integrated, with the exception of \u201d \u201c North Atlantic flights, where regulatory approval for our merger is still pending\u201d.<\/p>\n
If approved, the purchase is expected to be completed in the first quarter of 2027.<\/p>\n
In a separate statement, ITA Airways president Joerg Eberhart welcomed the agreement as a step of great industrial and strategic importance for \u201cITA Airways, saying that the airline's full integration into the \u201dLufthansa Group will allow us to compete more strongly in international markets.<\/p>\n
Lufthansa\u2019's share price in the afternoon Europe\u2019da %Two is up.<\/p>","protected":false},"excerpt":{"rendered":"
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