Germany's Lufthansa Group said it had submitted a package of remedies to the European Commission needed to secure EU antitrust approval to take a minority stake in Italy's ITA Airways, bringing it a step closer to closing the deal.

The path for Lufthansa to take over the state-owned Italian airline ITA is clear, as the required documents for the buyout were submitted on time to the EU competition authority, Italy's finance ministry said on Monday.

The Italian government has reached a deal with Germany's Lufthansa for the German airline group to acquire a minority stake in Italy’s ITA Airways, a

The Italian government and German airline Lufthansa reached a deal on the sale of a minority stake in flag carrier ITA Airways on Monday evening – hours before a midnight deadline to present the agreement to European regulators.

Lufthansa Group has declined to comment on reports that CEO Carsten Spohr and Giancarlo Giorgetti, Italy's minister of economy and finance, are to meet at the weekend to resolve an alleged last-minute impasse over the acquisition of state-owned ITA Airways (AZ,

Italy's finance ministry has sent details to the European Commission of the remedies package supporting Lufthansa's planned acquisition of a 41% stake in national carrier ITA Airways.

ROME (Reuters) - Italy's Treasury said late on Monday it sent to the European Commission the package of remedies needed to secure EU antitrust approval for the tie-up between ITA Airways and Germany's Lufthansa. The German carrier is looking to acquire a ...

Germany's Lufthansa Group said it had submitted a package of remedies to the European Commission needed to secure EU antitrust approval to take a minority stake in Italy's ITA Airways, bringing it a step closer to closing the deal.

Rome and Lufthansa had been locked into over a year of tough negotiations on the price and terms of the deal. Italy has reached a deal with German flag carrier Lufthansa on the sale of a stake in ITA Airways,