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International Business Times
International Business Times
World
AFP News

EU Clears Lufthansa's Proposed ITA Airways Stake, With Conditions

Lufthansa ITA European Union ITA Airways Alitalia Italy
The EU has approved Lufthansa's proposed stake in ITA Airways after the airline and the Italian government offered remedies (Credit: AFP)

The EU's powerful competition regulator on Wednesday announced it has conditionally approved German airline Lufthansa's proposed stake in Italy's ITA Airways.

Lufthansa, one of Europe's biggest carriers, last year agreed to pay 325 million euros ($350 million) for a 41 percent stake in ITA, with the Italian finance ministry also contributing 250 million euros as part of the capital increase.

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