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New Deal


Announced

Lufthansa to acquire a 41% stake in ITA Airways for $348m.

Financials

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Transaction Value£280m
Consideration TypeCash
Capital Owned-
Capital Bid For41%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Airlines

Italy

Acquisition

Pending

airlines

Cross Border

Private

air transportation

Minority

Friendly

Single Bidder

Synopsis

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Lufthansa, a German airline, agreed to acquire a 41% stake in ITA Airways, an airline company, for $348m. The closing of the transaction after the contractual finalization remains subject in particular to regulatory approvals, especially by the European competition authority.

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