Italy Suspends ITA Airways Stake Sale to Lufthansa Over Price Dispute
Italy’s Treasury has temporarily suspended the sale of a 41% stake in ITA Airways to Lufthansa due to a price disagreement between the two parties. The deal, originally announced in May 2023, stipulated that Lufthansa would acquire the stake for €325 million, marking a strategic move to strengthen its position in Southern Europe. However, Lufthansa recently sought a €10 million reduction in the purchase price, which the Italian government has firmly rejected, leading to an impasse.
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