Lufthansa's ITA Stake Buy on Hold Over Price Dispute, Reuters Says, Citing Sources

Dow Jones11-05

-- Lufthansa's planned acquisition of a stake in Italian carrier ITA Airways has been put on hold by the Italian treasury due to a dispute over the agreed price, Reuters reports citing unnamed sources.

-- In May last year Lufthansa agreed to inject 325 million euros ($353.6 million) into ITA Airways for a 41% stake and the deal received European Union approval this July.

-- The Italian economy ministry and Lufthansa are disputing a difference in price of 10 million euros, according to Reuters.

-- A spokesperson for Lufthansa told Reuters that the airline would adhere to the terms of the contract for its investment in ITA.

Full story: https://tinyurl.com/bdbx7avs

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

November 05, 2024 10:05 ET (15:05 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481685340?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-05 23:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481685340","market":"hk","top_or_hot":-1,"title":"Lufthansa's ITA Stake Buy on Hold Over Price Dispute, Reuters Says, Citing Sources","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  -- Lufthansa's planned acquisition of a stake in Italian carrier ITA Airways has been put on hold by the Italian treasury due to a dispute over the agreed price, Reuters reports citing unnamed sources. \n</p>\n<p>\n  -- In May last year Lufthansa agreed to inject 325 million euros ($353.6 million) into ITA Airways for a 41% stake and the deal received European Union approval this July. \n</p>\n<p>\n  -- The Italian economy ministry and Lufthansa are disputing a difference in price of 10 million euros, according to Reuters. \n</p>\n<p>\n  -- A spokesperson for Lufthansa told Reuters that the airline would adhere to the terms of the contract for its investment in ITA. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://tinyurl.com/bdbx7avs \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Ian Walker at ian.walker@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 10:05 ET (15:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lufthansa's ITA Stake Buy on Hold Over Price Dispute, Reuters Says, Citing Sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLufthansa's ITA Stake Buy on Hold Over Price Dispute, Reuters Says, Citing Sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 23:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>-- Lufthansa's planned acquisition of a stake in Italian carrier ITA Airways has been put on hold by the Italian treasury due to a dispute over the agreed price, Reuters reports citing unnamed sources...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4008","symbol_name":"航空公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481685340","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481685340","pubTimestamp":1730819100,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"-- Lufthansa's planned acquisition of a stake in Italian carrier ITA Airways has been put on hold by the Italian treasury due to a dispute over the agreed price, Reuters reports citing unnamed sources.-- In May last year Lufthansa agreed to inject 325 million euros  into ITA Airways for a 41% stake and the deal received European Union approval this July.-- The Italian economy ministry and Lufthansa are disputing a difference in price of 10 million euros, according to Reuters.-- A spokesperson for Lufthansa told Reuters that the airline would adhere to the terms of the contract for its investment in ITA.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4008":"航空公司","BK4585":"ETF&股票定投概念","BK4588":"碎股","ITA":"iShares Dow Jones U.S. Aerospace","DLAKY":"Deutsche Lufthansa AG"},"translate_title":"路透社援引消息人士的话称，汉莎航空的ITA股份收购因价格纠纷而被搁置","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ITA":1,"DLAKY":0.9},"content_text":"-- Lufthansa's planned acquisition of a stake in Italian carrier ITA Airways has been put on hold by the Italian treasury due to a dispute over the agreed price, Reuters reports citing unnamed sources. \n\n\n  -- In May last year Lufthansa agreed to inject 325 million euros ($353.6 million) into ITA Airways for a 41% stake and the deal received European Union approval this July. \n\n\n  -- The Italian economy ministry and Lufthansa are disputing a difference in price of 10 million euros, according to Reuters. \n\n\n  -- A spokesperson for Lufthansa told Reuters that the airline would adhere to the terms of the contract for its investment in ITA. \n\n\n \n\n\n  Full story: https://tinyurl.com/bdbx7avs \n\n\n \n\n\n  Write to Ian Walker at ian.walker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2024 10:05 ET (15:05 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481685340"}