Business
Italy EconMin willing to meet Lufthansa CEO to solve ITA Airways dispute
Global Banking and Finance Review
Company
ROME (Reuters) – Italian economy minister Giancarlo Giorgetti on Thursday said it would be good to have a meeting with Lufthansa CEO Carsten Spohr at the weekend to overcome a dispute regarding the sale of a minority stake in state owned ITA Airways.
ROME (Reuters) – Italian economy minister Giancarlo Giorgetti on Thursday said it would be good to have a meeting with Lufthansa CEO Carsten Spohr at the weekend to overcome a dispute regarding the sale of a minority stake in state owned ITA Airways.
This week, the Italian Treasury put on hold the sale of a 41% in ITA for 325 million euros ($350 million) after it argued with Lufthansa over an apparent 10 million euro price difference.($1 = 0.9271 euros)
(Reporting by Giuseppe Fonte; writing by Angelo Amante; Editing by Keith Weir)
A minority stake refers to owning less than 50% of a company's shares. This type of ownership typically does not provide control over the company's operations.
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