ROME (Reuters) – Italy’s Treasury and Germany’s Lufthansa agreed to extend exclusive talks over the sale of airline ITA Airways until May 12 from the previous deadline of April 24, a source close to the matter told Reuters on Monday.
Sources have said the German carrier is negotiating with Rome over the purchase of a 40% stake in ITA, valued at around 200 million euros ($220.88 million), with the idea of buying the rest at a later stage.
($1 = 0.9055 euros)
(Reporting by Giuseppe Fonte; Editing by Chris Reese)
