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Italy's Economy Minister discusses ITA Airways dispute with Lufthansa CEO - Global Banking & Finance Review
Italian Economy Minister Giancarlo Giorgetti considers a meeting with Lufthansa CEO Carsten Spohr to resolve the ongoing dispute over the sale of a minority stake in ITA Airways, crucial for the airline's future and financial stability.
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Italy EconMin willing to meet Lufthansa CEO to solve ITA Airways dispute

Published by Uma Rajagopal

Posted on November 8, 2024

1 min read
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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)

Frequently Asked Questions

What is a minority stake?
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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