Lufthansa Seeks Some Conditions in Looming Bid for Italy’s ITA
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Deutsche Lufthansa AG is discussing some conditions with Italy in order to proceed with its plan to acquire a 40% stake in the country’s ITA Airways, according to people familiar with the matter.
The German carrier is seeking to gain the option to back out of a full takeover should the venture fail to work out, as well as legal waivers to protect against unforeseen issues arising from the integration of the successor to bankrupt carrier Alitalia, said the people, asking not to be identified discussing confidential deliberations.