Ita and Lufthansa Finalize Merger Agreement Ahead of EU Approval
Ita and Lufthansa have reached a final agreement on their merger after intense negotiations, securing the necessary commitments to satisfy EU antitrust regulations. The deal, which includes an investment of 829 million euros for Lufthansa to acquire a 49% stake in Ita, comes after the German airline adjusted its demands over pricing disputes. The Italian Ministry of Economy announced that the economic conditions remain unchanged and highlighted efforts to restore trust between the two parties. Anticipation now mounts for a positive decision from the European Commission, expected by the end of the month.