Transportation
Lufthansa to Win EU Nod to Buy Alitalia’s Shaky Successor
- EU to make official approval decision on deal by July 4
- Lufthansa calmed EU fears over competition with remedies
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Deutsche Lufthansa AG’s €325 million ($351 million) investment in Italy’s ITA Airways is set to be approved by the European Union, paving the way for Prime Minister Giorgia Meloni’s government to offload a loss-making asset as she bids to improve her nation’s finances.
The EU’s competition arm is in the process of drafting an approval decision, after Lufthansa and the Italian government addressed remaining sticking points, according to people familiar with the matter who spoke under condition of anonymity.