The path for Lufthansa to take over the state-owned Italian airline ITA is clear, as the required documents for the buyout were submitted on time to the EU competition authority, Italy's finance ministry said on Monday.

Lufthansa Group submitted a package of remedies to the European Commission needed to secure antitrust EU approval to take a minority stake in ITA Airways, the German airline said on Tuesday, bringing it a step closer to closing the deal after a dispute with Italy's Treasury last week put it on hold.

Deutsche Lufthansa AG is on track to complete its takeover of ITA Airways after ironing out differences with the Italian government over the purchase of the unprofitable carrier. The Italian government said late Monday that it has presented a set of remedies to the European Commission over concerns about the deal.

The Italian Ministry of Economy and Finance has revealed that it has reached a deal with Germany's Lufthansa Group for a 49% stake in ITA Airways. View on euronews

Rome and Lufthansa had been locked into over a year of tough negotiations on the price and terms of the deal. Italy has reached a deal with German flag carrier Lufthansa on the sale of a stake in ITA Airways,