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Maroc Maroc - TRAVELINDUSTRYTODAY.COM - A La Une - 03/Jul 21:29

‘HISTORIC’ LUFTHANSA TAKEOVER OF ITA APPROVED: Deal promises to protect competition

The European Commission on Wednesday approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competition in a deal that Italy's finance minister called “historic.” Lufthansa will invest 325 million euros (US$350 million) to acquire a 41 percent stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829 million euros.

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