Deutsche Lufthansa AG is expected to submit a fresh round of concessions to European Union regulators over its planned €325 million ($348 million) investment in Italian carrier ITA Airways after an earlier offer failed to allay European Union competition concerns.
The move, signaled by the Italian government after a meeting between Finance Minister Giancarlo Giorgetti and EU Competition Commissioner Margrethe Vestager in Brussels, will improve on April 11 commitments described at the time by Lufthansa as “a comprehensive, constructive solution” to appease regulators.
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