DW: Italy reaches deal with Lufthansa over sale of stake in ITA

DW News reports:

The deal still needs to be cleared by the the European Commission.

What else do we know about the deal with Lufthansa?

Rome and Lufthansa had been locked into over a year of tough negotiations on the price and terms of the deal.

Italian media reported that the deal faced a delay last week when Lufthansa requested a discount on the of €10 million ($10.65 million) on the €325 million purchase price of a 49% stake in ITA.

The German airline had pointed to ITA’s expected drop in value in the last quarter of 2024 as the reason for the request for a discount.

Italian Finance Minister Ginacarlo Giorgetti said last week that there had been no change to the original agreement…

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