German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2025
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Should l Buy ?
Source: Yahoo Finance
Lufthansa Acquires ITA Airways: Lufthansa Group has finalized its acquisition of a 41% stake in Italian airline ITA Airways for 325 million euros, with plans to gain full control by 2033 through a total investment of 829 million euros.
Regulatory Conditions: The European Commission approved the deal with conditions aimed at maintaining competition, requiring the merged company to allow rival airlines access to key routes and airport slots.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
