Deutsche Lufthansa AG (XTRA:LHA) is set to buy a 40% stake in state-owned Alitalia's successor ITA Airways and a deal could be unveiled next week, Italian daily Il Foglio reported on January 22, 2022. The newspaper did not give a price for any deal, but said the two companies were very close to agreeing over some key terms, such as the role of Rome's Fiumicino airport as a hub for direct flights to Africa and some routes to the Americas. An ITA spokesperson said on Saturday that the airline's top management would present a strategic plan to the company's board on Jan.

31. A data room would be opened in the following days, he added, allowing a potential bidder or partner to have access to key financial documents to assess the value of the company. Lufthansa declined to comment.