Ita-Lufthansa, summit between Giorgetti and ad Spohr. The minister "Today there will be news" on the sale of the company
ROME - Carsten Spohr, CEO of Lufthansa, is in Rome to see the Minister of Economy, Giancarlo Giorgetti.
It is certainly not a courtesy visit. The signing of the preliminary contract is expected at any moment which will bring the German group into the capital of Ita Airways, with a 40% stake.
A joint press conference will follow which will formalize the terms of the agreement. Confirming that this is the key day - after more than five months of exclusive negotiations - is Giorgetti himself who says: "Today for Ita Airways there will be some news".
Agreement on the amount
In recent weeks, the negotiations between the Italian government (which sells) and Lufhansa which buys have focused on the money that the Germans will have to pay. If Lufthansa played on the downside for a long time, now he would have agreed to pay an amount close to 325 million euros.
The figure is quite presentable and allows the Italian government, with a nationalist profile, to deny a clearance sale of the state airline, born from the ashes of Alitalia.
In turn the government is ready to inject 250 million euros into Ita. It is the last figure - clarifies the decree that regulates privatization - that can be transferred to the carrier without meeting the veto of the EU (which strictly regulates state aid).
Speaking of the political presentability of the agreement, in the last few hours our executive has asked to keep it a minimal share in Ita even when (between 2025 and 2026) the Germans will get the vast majority of shares.
Such a scenario would allow us to say that the flag of Italianness will not be completely lowered in the civil aviation sector.
Ita-Lufthansa, the director of the operation is a former German pilot
by Aldo Fontanarosa