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German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033

  • Germany's Lufthansa Group has finalized its acquisition of a 41% stake in ITA Airways, as reported in the deal announcement.
  • The deal is valued at 325 million euros and aims for Lufthansa to gain full control by 2033 with a total investment of 829 million euros.
  • The European Commission approved the acquisition after a year-long investigation with conditions to protect competition.
  • Lufthansa stated that the investment will strengthen the Italian and European aviation market and improve offers and connections for passengers.
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