MILAN, Italy: The European Commission has approved Lufthansa's acquisition of Italian airline ITA, subject to conditions designed to protect competition.
Italian Finance Minister Giancarlo Giorgetti hailed the deal as "historic."
Lufthansa will invest 325 million euros ($350 million) to acquire a 41 percent stake in ITA, formerly Alitalia, from the Italian government, aiming for full control by 2033 with
