Lufthansa Nears Deal to Take Over Italy's ITA Airways.

Deutsche Lufthansa AG is close to finalizing its acquisition of ITA Airways, following the resolution of differences with the Italian government regarding the purchase of the struggling carrier. The Italian government has submitted a set of remedies to the European Commission for approval before proceeding with the deal. Lufthansa is confident that the EU Commission will approve the remedy package in the coming weeks. The successful sale of ITA would allow Italy to divest itself of an airline that has been a financial burden for years. [Extracted from the article]

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