-- Lufthansa's planned acquisition of a stake in Italian carrier ITA Airways has been put on hold by the Italian treasury due to a dispute over the agreed price, Reuters reports citing unnamed sources.
-- In May last year Lufthansa agreed to inject 325 million euros ($353.6 million) into ITA Airways for a 41% stake and the deal received European Union approval this July.
-- The Italian economy ministry and Lufthansa are disputing a difference in price of 10 million euros, according to Reuters.
-- A spokesperson for Lufthansa told Reuters that the airline would adhere to the terms of the contract for its investment in ITA.
Full story: https://tinyurl.com/bdbx7avs
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 05, 2024 10:05 ET (15:05 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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