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The long-running attempt by Lufthansa to acquire a stake in the state-owned Italian airline Ita took another possible step forward on Tuesday, as the parties involved offered the European Commission further concessions. Brussels had been offered "additions" in line with the commission's demands, the Italian Finance Ministry said, without providing any details. Lufthansa also refused to provide details about the apparent concessions. Lufthansa wants initially to buy a 41% stake in the state-owned airline Ita Airways, formerly Alitalia. In return, Ita is to receive €325 million ($350 million) in...
DPA Breaking News
German carrier Lufthansa has made further concessions to the European Commission in relation to its planned purchase of a large minority stake in Italian airline ITA Airways, a commission spokeswoman said in Brussels on Monday. "We can confirm that the parties have submitted commitments aimed at addressing the preliminary competition concerns arising from the proposed transaction. We will now carefully assess them," the spokeswoman said. A Lufthansa spokesman referred to a "comprehensive, constructive solution" to address the commission's concerns about the routes in question and the situation...
DPA Breaking News
EU anti-trust regulators maintain their objections to Lufthansa's planned minority stake in the Italian airline ITA Airways, the European Commission said on Monday. The top competition watchdog in the European Union reported concerns that customers could face higher prices and lower quality airline services in and out of Italy due to restricted competition. The commission first blocked Lufthansa's move to take a minority stake in ITA in January over similar competition issues and opened an investigation into the matter. Short-haul airline routes between Italy and central European countries wer...
DPA Breaking News
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