Lufthansa Slated to Boost EU Offer to Save €325 Million ITA Deal [Financial Post (Toronto, Ontario, Canada)]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
Company Research
Source: Financial Post
million) investment in Italian carrier ITA Airways after an earlier offer failed to allay competition concerns. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Deutsche Lufthansa AG is expected to submit a fresh round of concessions to European Union regulators over its planned €325 million ($348 million) investment in Italian carrier ITA Airways after an earlier offer failed to allay competition concerns. The move, signaled by the Italian government after a meeting between Finance Minister Giancarlo Giorgetti and EU Competition Commissioner Margrethe Vestager in Brussels, will improve on April 11 commitments described at the time by Lufthansa as “a comprehensive, constructive solution” to appease regulators. Article content Article content “The parties will submit, in due course, certain additional remedies to address the concerns raised by the commission, including the issue of certain rou
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