Lufthansa is set to acquire a stake in Italian state-owned airline ITA on Jan. 13, a source familiar with the situation told Reuters on Wednesday, bringing to a close years of talks. DPA news agency first reported on the date,

Last month, during its “Extraordinary Shareholders’ Meeting,” ITA Airways approved a $338 million capital increase to be offered to Lufthansa. The group was given until January 15, 2025, to subscribe to the increase, allowing it to enter ITA Airways with the initial 41% stake.

Lufthansa Group 's long-awaited acquisition of a minority stake in Italy's state-owned ITA Airways (AZ, Rome Fiumicino) will close on January 13, reports the German news agency dpa citing information shared by chairman and CEO Carsten Spohr during a staff meeting in December.

Lufthansa is set to a acquire a stake in the Italian state-owned airline ITA on Jan. 13, bringing to a close years of talks, Germany's DPA news agency reported on Wednesday. Lufthansa CEO Carsten Spohr announced the date at an employee event,

German aviation giant Lufthansa Group is set to take a stake in Italian state-owned airline ITA on January 13 following years of negotiations over a deal, dpa has learnt. Lufthansa chief executive Carsten Spohr confirmed the date during an employee event,