Lufthansa submits offer to acquire a stake in ITA
Source: Lufthansa Deutsche Lufthansa AG is aiming to acquire a stake in the Italian national carrier ITA Airways (Italia Trasporto Aereo S.p.A.). The plan is to agree on the initial acquisition of a minority stake as well as on options to purchase the remaining shares at a later date. Today, the company submitted an offer to the Italian Ministry of Economy and Finance (Ministero dell'economia e delle finanze) to conclude a Memorandum of Understanding (MoU) in this respect. Contingent on both parties signing this MoU, further negotiations and discussions would be conducted on an exclusive basis. These talks would primarily focus on the form of a possible equity investment, the commercial and operational integration of ITA into the Lufthansa Airline [...]