EQUITA assisted the Ministry of Economy and Finance

The transaction in a nutshell

MEF tombstone

The deal involves the German flag airline's entry into ITA's share capital with a minority stake of 41 percent.

Client:
Ministry of Economy and Finance
Date:
May 2023
Mandate:
Sell of a stake of ITA Airways to Lufthansa
Role:
Financial Advisor
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA SIM

The Company

ITA Airways is a company for conducting business in the air transport sector. The goal of ITA Airways is to create an efficient, innovative air carrier that will become the benchmark in providing Italy with quality connectivity both with international destinations, so as to boost tourism and foreign trade, and within the country, also taking advantage of integrated mobility. ITA Airways puts at the center of its strategy the best customer service (through a strong digitization of processes that ensure a best in class experience and personalized services), combined with sustainability, declined in its environmental (new green and technologically advanced aircraft, use of sustainable fuels), social (equality and inclusion for a genderless company) and governance (integration of sustainability in internal strategies and processes) aspects. ITA Airways is a SkyTeam member as of October 2021