Exclusive-Lufthansa's new ITA remedies not too different from earlier, sources say [Yahoo! Finance]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
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Source: Yahoo! Finance
buy are not markedly different from an earlier package rejected by EU antitrust regulators which have also discounted Ryanair as a rival in its scrutiny of the deal, people familiar with the matter said. The two factors are key to whether the German carrier can secure EU antitrust approval for its 325-million-euro ($346 million) to acquire a 41% stake in Italian state-owned ITA, the successor to Alitalia. The airline sector has seen a slew of acquisitions in recent months, with the Lufthansa deal and British Airways owner IAG's bid to buy out Spain's Air Europa the most high-profile ones. Lufthansa submitted its latest remedies to the European Commission last Thursday, three months after its first offer was dismissed as insufficient. The EU competition enforcer and the airline did not provide details on both occasions. The first offer included ceding airport slots, traffic rights and planes to a rival, a person familiar with the matter had told Reuters. The remedies are not
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News
- EU decision on Lufthansa's ITA deal extended to June 13 [Reuters]Reuters
- Lufthansa, ITA to give up 11 slots in Milan to get EU go ahead for tie-up - newspaper [Reuters]Reuters
- Lufthansa Slated to Boost EU Offer to Save €325 Million ITA Deal [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Lufthansa, ITA to propose further remedies for EU green light to tie-up [Reuters]Reuters
- Lufthansa flight attendants accept collective bargaining agreement [Yahoo! Finance]Yahoo! Finance