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

Transaction Tags

• Airlines
• Italy
• Acquisition
• Pending
• airlines
• Cross Border
• Private
• air transportation
• Minority
• Friendly
• Single Bidder

Synopsis

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.

Sources