On Wednesday 3 July, the European Commission finally announced that it had authorised the proposed acquisition of joint control of ITA Airways (‘ITA’) by its competitor Deutsche Lufthansa AG (‘Lufthansa’) and the Italian Ministry of Economy and Finance (‘MEF’), subject to compliance with the proposed remedies. Lufthansa will take a 41% stake inITA.
The European Commission opened an in-depth investigation on 23 January (see EUROPE B13334A24). On 25 March (see EUROPE...