Germany's Lufthansa Group on Friday finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier. Under the 325-million-euro ($350 million) deal,

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.

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).

Ita-Lufthansa, the acquisition closes on Monday, January 13. After a troubled process, the deal is signed, with the German airline entering the capital of the new company born from the ashes of Alital

Lufthansa Group completed its acquisition of Italy's ITA Airways, formerly Alitalia, finalizing a deal worth 829 million euros. Lufthansa now holds 41% of ITA, aiming for full control by 2033. This acquisition addresses competition concerns by allowing rival airlines access to certain routes,

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.

By Melissa Eddy Germany’s economic output shrank for a second straight year in 2024, data released Wednesday showed. How to revive it has become a central issue as voters prepare to go to the ...

The closing of the Ita-Lufthansa operation is postponed: a few more days will be needed to formalize the acquisition and the payment of the 325 million euros needed to buy 41% of Ita Airways. According to rumors,

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BERLIN (Reuters) - Lufthansa expects its planned stake in Italy's ITA Airways to increase the German flagship carrier's profits by hundreds of millions of euros in the coming years, Chief Executive Carsten Spohr told the FAZ newspaper in an interview published on Monday.

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.

Stocks broadly got a lift this week from an encouraging report on U.S. inflation, which raised hopes that the Federal Reserve may deliver more interest rate cuts this year. Wall Street has been lurching down and up in recent weeks as economic reports pushed traders to revamp their expectations about what the Fed will do.