Lufthansa is set to acquire a stake in Italian state-owned airline ITA on Jan. 13, a source familiar with the situation told Reuters on Wednesday, bringing to a close years of talks. DPA news agency first reported on the date,

German aviation giant Lufthansa Group is set to take a stake in Italian state-owned airline ITA on January 13 following years of negotiations over a deal, dpa has learnt. Lufthansa chief executive Carsten Spohr confirmed the date during an employee event,

On December 20, ITA Airways held its extraordinary shareholders’ meeting, in which it approved a €325 million ($338 million) capital increase that will be exclusively offered to Lufthansa Group. The German airline group has until January 15, 2025, to subscribe to the increase in order to acquire a 41% stake in ITA Airways.

Lufthansa is set to a acquire a stake in the Italian state-owned airline ITA on Jan. 13, bringing to a close years of talks, Germany's DPA news agency reported on Wednesday. Lufthansa CEO Carsten Spohr announced the date at an employee event,