Lufthansa Makes Offer to Clinch EU Nod for ITA Deal
- German airline submits potential antitrust fixes to regulators
- Italian government expects in-depth probe into investment
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Deutsche Lufthansa AG has offered concessions to European Union merger watchdogs in an attempt to head off competition concerns over its €325 million ($356 million) investment in ailing Italian carrier ITA Airways.
The German firm made the submission ahead of the EU’s initial Jan. 15 deadline to either clear the stake or open an in-depth probe, according to people familiar with the matter who spoke on condition of anonymity.