Lufthansa's bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said https://t.co/PEp6VX8k7K https://t.co/nR8BgMFhsR
Lufthansa's bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said https://t.co/u308303rdE https://t.co/HxKNakTUIJ
Lufthansa’s Stake Acquisition in ITA Airways Could Stifle Competition, EU Says https://t.co/MS9k2tjJLH
The European Union's antitrust watchdog has raised concerns over Lufthansa's proposed acquisition of a minority stake in ITA Airways, suggesting the deal could potentially harm competition and lead to higher prices. The EU Commission has indicated that Lufthansa and the Italian government have the opportunity to address these preliminary competition concerns with remedies. Deutsche Lufthansa AG's investment in ITA Airways, valued at €325 million, faces scrutiny and a potential veto from the EU unless the airline addresses a list of competition concerns outlined by regulators.