From Investing.com:

Lufthansa seeks approval for acquiring 41% stake in ITA Airways. To address competition concerns, Lufthansa offers to divest slots at Milan’s airport. The proposed €325M deal is under the Commission’s scrutiny, with a decision expected by January 29, 2024.

European Commission scrutinizes Lufthansa’s acquisition for potential impact on competitive landscape for air transport routes in Europe. Review commenced on November 30, 2023, with focus on broader effects on passenger air travel.

Concession to release slots at Milan’s airport aims to ensure fair competition and consumer choice. Commission’s decision later this month will determine if Lufthansa’s efforts for approval are successful, allowing the investment in ITA Airways to proceed.



Read more: Lufthansa proposes concessions for ITA Airways stake acquisition By Investing.com