The European Union's antitrust watchdog has raised concerns over Lufthansa's proposed acquisition of a minority stake in ITA Airways, suggesting the deal could potentially harm competition and lead to higher prices. The EU Commission has indicated that Lufthansa and the Italian government have the opportunity to address these preliminary competition concerns with remedies. Deutsche Lufthansa AG's investment in ITA Airways, valued at €325 million, faces scrutiny and a potential veto from the EU unless the airline addresses a list of competition concerns outlined by regulators.
Lufthansa's bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said https://t.co/PEp6VX8k7K https://t.co/nR8BgMFhsR
Lufthansa's bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said https://t.co/u308303rdE https://t.co/HxKNakTUIJ
Lufthansa’s Stake Acquisition in ITA Airways Could Stifle Competition, EU Says https://t.co/MS9k2tjJLH
Lufthansa, ITA Airways deal may hurt competition, EU antitrust watchdog says https://t.co/F7vAMD5Viy https://t.co/wBpp9Z96RV
⚠️ LUFTHANSA, ITA AIRWAYS DEAL MAY HURT COMPETITION, EU ANTITRUST WATCHDOG SAYS Full Story → https://t.co/4KSWdWXTTN Lufthansa's bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said on Monday,… https://t.co/QdtFigMuWt
EU COMMISSION: LUFTHANSA AND ITALIAN GOVERNMENT HAVE POSSIBILITY TO PUT FORWARD REMEDIES TO ADDRESS THE PRELIMINARY COMPETITION CONCERNS
EU ANTITRUST REGULATOR SENDS STATEMENT OF OBJECTIONS OVER PROPOSED ACQUISITION OF A STAKE IN ITA AIRWAYS BY LUFTHANSA
Deutsche Lufthansa AG’s €325 million investment in Italian carrier ITA Airways risks a potential veto from the European Union, unless it fixes a list of competition concerns handed down by regulators today. More @TheTerminal @Bloomberg.
Italy regulator launches probe into https://t.co/7RY6QvCJLk for potential abuse of dominant position Italy's antitrust has opened a probe into https://t.co/7RY6QvCJLk to establish whether the travel website is in a potential abuse of dominant position. https://t.co/lUPjJxByrV