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European airline behemoth Lufthansa has managed to strike a deal with the Italian government for an initial 41% stake in Rome-based ITA Airways. The deal will set the Lufthansa Group €325 million through a capital increase and includes a clause that allows Lufthansa to purchase the remaining shares in the future.
A formal announcement today had been widely expected after sources familiar with the state of negotiations started to brief the Italian media yesterday.
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