EU commission approves Lufthansa purchase of long-troubled Italian airline ITA, with conditions

MILAN (AP) — 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 […] Read The Rest at :