Lufthansa set to buy 41% of ITA – for now
It’s on. Lufthansa will buy 41% – initially – of Italy’s ITA Airways, for €325m, ...
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By Alex Lennane
Lufthansa’s bailout in is doubt after a 15% shareholder, one of Germany’s richest people, signalled he’d prefer another option. The government was set to take a 20% stake for €9bn, diluting current shareholders’ stock. His stake could give him a blocking minority when it is put to a vote, if other investors fail to turn up. The FT reports.
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