Italy claims Lufthansa wants to pay less than agreed for ITA stake
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Italy's Treasury has paused the deal between ITA Airways and Lufthansa due to claims that Lufthansa wants to pay less than the agreed amount for a minority stake in ITA.
November 05, 2024 | 12:30 pm
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Lufthansa's deal to acquire a minority stake in ITA Airways is on hold as Italy claims Lufthansa wants to pay less than agreed.
The news of Lufthansa wanting to pay less than agreed for ITA Airways could negatively impact investor sentiment, leading to a potential short-term decline in Lufthansa's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80