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Euronews
Euronews
Doloresz Katanich

Lufthansa to take majority control of Italy’s ITA Airways in €325mn deal

Lufthansa ITA Airways Italy Europe

Europe's largest airline group, Lufthansa, announced Tuesday its intention to expand its current minority stake in Italy's ITA Airways to 90%.

Lufthansa said it "will exercise its option to acquire a majority stake in ITA Airways in June of this year" at "a previously agreed purchase price of €325 million," the Lufthansa Group said.

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