German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy's former flagship carrier.

Lufthansa finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, it said on Friday, in a deal designed to boost the carrier's presence in the lucrative southern European market.

Lufthansa expects its planned stake in Italy's ITA Airways to increase the German flagship carrier's profits by hundreds of millions of euros in the coming years, Chief Executive Carsten Spohr told the FAZ newspaper in an interview published on Monday.

Italy and Lufthansa finalised their agreement Wednesday for the German airline to acquire a minority stake in ITA Airways, the state-owned carrier born from the ashes of Alitalia.

Lufthansa has finalised its acquisition of a 41% stake in ITA Airways, Italy's state-owned successor to Alitalia, for €325 million ($334 million). The

Germany's Lufthansa announced on Friday that it has taken the first step towards a takeover of Italy's state-owned ITA Airways by completing an approved capital increase of €325 million ($334 million).

Ita-Lufthansa, the acquisition closes on Monday, January 13. After a troubled process, the deal is signed, with the German airline entering the capital of the new company born from the ashes of Alital

Lufthansa Group completed its acquisition of Italy's ITA Airways, formerly Alitalia, finalizing a deal worth 829 million euros. Lufthansa now holds 41% of ITA, aiming for full control by 2033. This acquisition addresses competition concerns by allowing rival airlines access to certain routes,

German airline giant Lufthansa's investment in the Italian state-owned airline ITA Airways, which Lufthansa executives expected to be announced on Monday, may face last-minute delays. The closing of the long-agreed deal had not been announced by Monday afternoon,

The closing of the Ita-Lufthansa operation is postponed: a few more days will be needed to formalize the acquisition and the payment of the 325 million euros needed to buy 41% of Ita Airways. According to rumors,

The MEF pointed out the divestiture of ITA Airways as one of the highlight-worthy moments of its tenure, noting that the Lufthansa Group’s purchase of the Italian airline’s 41% shares through a capital increase will conclude a 40-year history of wasting taxpayers’ money.

Under the €325-million ($350-million) deal, Lufthansa takes an initial 41 per cent stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of €829-million. The remaining 59 per cent will initially continue to be held by the Italian Treasury.