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Lufthansa (LHAGR; Baa3, BBB-; S)

CONSUMER CYCLICALS
  • EU objects Lufthansa's proposed acquisition of ITA Airways on potential it will restrict competition in services in/out of Italy.
  • ITA deal has always been uncertain, analyst have had mixed opinions on if it the acquisition itself would actually would benefit LHA.
  • https://ec.europa.eu/commission/presscorner/detail...

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