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Lufthansa Group and the Italian Ministry of Economy and Finance (MEF) have reached an agreement to proceed with the initial phase of merging with ITA Airways, a company owned by MEF. On November 11, both parties submitted their proposed remedies to the European Commission (EC) concerning Lufthansa's acquisition of an initial stake in ITA Airways.
The MEF stated that "the final approval of the European Commission is confidently awaited in order to proceed with the closing of the transaction. The economic conditions envisaged have not changed with respect to the agreement already signed."
Lufthansa Group confirmed that it had submitted the remedy package alongside MEF, expecting approval from the EU Commission soon. According to Lufthansa, "the submission was done jointly with the Italian Ministry of Economy and Finance (MEF) in due time on 11 November 2024. Lufthansa Group is confident that the EU Commission will approve the remedy package within the upcoming weeks."
