Stock Market News

ITA Airways may be sold to Lufthansa

2023.01.18 13:43

ITA Airways may be sold to Lufthansa
ITA Airways may be sold to Lufthansa

ITA Airways may be sold to Lufthansa

By Ray Johnson

Budrigannews.com – Lufthansa, a German airline, said on Wednesday that it had offered to buy a minority stake in ITA Airways, Italy’s state-owned Alitalia replacement.

Lufthansa noted Italy’s significance as a business and tourism destination as the most important market outside of its existing domestic markets and the United States.

Lufthansa already operates Swiss, Austrian Airlines, and Brussels Airlines in addition to its domestic German business.

Lufthansa stated in a statement, “The plan is to agree on the initial acquisition of a minority stake as well as on options to purchase the remaining shares at a later date.” The airline also stated that it hoped to sign a Memorandum of Understanding with the Italian Economy Ministry and then proceed to exclusive discussions.

Air France KLM (OTC:) and the US private equity fund Certares participated in talks with Italy last year. and Delta about a deal for ITA, but they couldn’t agree on anything.

Earlier on Wednesday, Air France stated that it would not submit a bid for ITA.

ITA Airways may be sold to Lufthansa

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,275.58 0.05%
ethereum
Ethereum (ETH) $ 1,938.00 1.16%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.40 0.85%
bnb
BNB (BNB) $ 619.59 4.87%
solana
Solana (SOL) $ 136.00 1.74%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.744353 0.04%
dogecoin
Dogecoin (DOGE) $ 0.176531 2.24%
tron
TRON (TRX) $ 0.221452 0.28%
staked-ether
Lido Staked Ether (STETH) $ 1,936.74 1.25%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,084.53 0.02%
pi-network
Pi Network (PI) $ 1.49 0.92%
leo-token
LEO Token (LEO) $ 9.74 0.55%
chainlink
Chainlink (LINK) $ 13.98 1.21%
the-open-network
Toncoin (TON) $ 3.53 20.72%
stellar
Stellar (XLM) $ 0.274904 1.68%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,319.48 1.18%
usds
USDS (USDS) $ 1.00 0.02%
hedera-hashgraph
Hedera (HBAR) $ 0.194201 1.26%
avalanche-2
Avalanche (AVAX) $ 19.24 3.47%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 0.40%
sui
Sui (SUI) $ 2.36 0.83%
litecoin
Litecoin (LTC) $ 92.49 0.76%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.41 2.71%
polkadot
Polkadot (DOT) $ 4.34 3.13%
mantra-dao
MANTRA (OM) $ 6.60 4.78%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.00%
weth
WETH (WETH) $ 1,937.56 1.16%
bitget-token
Bitget Token (BGB) $ 4.48 1.60%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.17%
hyperliquid
Hyperliquid (HYPE) $ 14.15 2.12%
whitebit
WhiteBIT Coin (WBT) $ 28.87 1.39%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,058.54 1.06%
monero
Monero (XMR) $ 213.13 1.17%
uniswap
Uniswap (UNI) $ 6.26 3.40%
susds
sUSDS (SUSDS) $ 1.04 0.06%
aptos
Aptos (APT) $ 5.36 2.64%
dai
Dai (DAI) $ 0.999903 0.01%
near
NEAR Protocol (NEAR) $ 2.63 0.34%
pepe
Pepe (PEPE) $ 0.000007 0.72%
internet-computer
Internet Computer (ICP) $ 5.84 3.04%
okb
OKB (OKB) $ 46.52 0.27%
ondo-finance
Ondo (ONDO) $ 0.875532 0.09%
ethereum-classic
Ethereum Classic (ETC) $ 17.99 0.46%
mantle
Mantle (MNT) $ 0.792093 7.78%
gatechain-token
Gate (GT) $ 21.57 1.61%
aave
Aave (AAVE) $ 173.17 0.83%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,345.60 0.04%
official-trump
Official Trump (TRUMP) $ 12.11 1.47%