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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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.
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.
