Lufthansa CEO to Meet Italian Economy Minister Over ITA Airways Stake Sale
Lufthansa CEO Carsten Spohr and Italian Economy Minister Giancarlo Giorgetti are scheduled to meet this weekend to address a price dispute regarding the sale of a minority stake in ITA Airways, Italy’s national airline. This high-level meeting aims to overcome differences in valuation that have stalled Lufthansa’s acquisition of a stake in the airline, which the German carrier views as a strategic investment to expand its presence in the Italian market. The discussions are expected to cover valuation adjustments and terms to bridge the gap between the parties’ expectations.
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