Gregory Alegi News Today

MILAN (AP) — The European Commission on Tuesday announced an in-depth investigation of German airline Lufthansa’s planned takeover of Italian carrier ITA

The European Commission has announced an in-depth investigation of German airline Lufthansa’s planned takeover of Italian carrier ITA Airways citing competitive concerns.

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The European Commission on Tuesday announced an in-depth investigation of German airline Lufthansa’s planned takeover of Italian carrier ITA Airways, citing competitive concerns. Lufthansa signed a deal last year for a 41% minority share in the long-struggling ITA Airways, formerly Alitalia. Lufthansa would have the option of buying the remaining shares at a later date.

The European Commission on Tuesday announced an in-depth investigation of German airline Lufthansa’s planned takeover of Italian carrier ITA Airways, citing competitive concerns. Lufthansa signed a deal last year for a 41% minority share in the long-struggling ITA Airways, formerly Alitalia. Lufthansa would have the option of buying the remaining shares at a later date.

The European Commission has announced an in-depth investigation of German airline Lufthansa's planned takeover of Italian carrier ITA Airways citing competitive concerns.

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