XTRA:LHAAirlines
Lufthansa’s ITA Majority Bid Tests Earnings Recovery And Integration Risks
Lufthansa plans to exercise its option to acquire an additional 49% of ITA Airways, lifting its stake to 90%.
The deal is structured as a capital injection into ITA and is intended to support a larger integration of the Italian carrier into the Lufthansa Group.
The transaction is subject to regulatory approvals and is described as potentially accretive to Lufthansa’s earnings once completed.
For investors watching XTRA:LHA, this move comes at a time when the stock trades around €8.13, with...