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German group Lufthansa (OTCQX:DLAKY) (OTCQX:DLAKF) completed the acquisition of a 41% stake in Italian airline ITA Airways for €325 million (approximately $350 million) from the Italian government.
Lufthansa (OTCQX:DLAKY) now owns a 41% stake in ITA Airways, while the remaining 59% will remain owned by the Italian Ministry of Economy.