The European Commission has approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competition
MILAN — The European Commission on Wednesday approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competition in a deal that Italy’s finance minister called “historic.”
Lufthansa will invest 325 million euros ($350 million) to acquire a 41% stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829…