German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
Friday, 17 January 2025 () German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier. Under the 325-million-euro ($350 million) deal announced Friday, Lufthansa takes an initial 41% stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829 million euros. The remaining 59% will initially continue to be held by the Italian Treasury. This deal was originally announced in May 2023 and was approved by the European Commission following a year-long investigation and with conditions to protect competition.
Yemeni forces launched a missile and drone attack on Israeli military targets in Yaffa, near Tel Aviv. The operation, part of ongoing retaliatory actions, is aimed at supporting Palestinians in Gaza...
Friday, 17 January 2025 ()
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