Lufthansa bids for 20% stake in ITA Airways -source -Breaking
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© Reuters. FILE PHOTO: A brand new state-owned Italian provider Italia Trasporto Aereo airplane with the brand new blue livery is seen at Fiumicino airport earlier than a information convention to current the plane’s new fleet, in Rome, Italy, March 1, 2022. REUTERS/Remo Casilli2/2
FRANKFURT (Reuters) – Germany’s Lufthansa desires to accumulate a 20% stake in state-owned Italian airline ITA Airways, the successor to Alitalia, and its cooperation companion MSC is bidding for a 60% stake, an individual accustomed to the matter advised Reuters on Tuesday.
The Italian state would initially maintain the remaining 20%, the supply mentioned. The Lufthansa-MSC duo made their supply to accumulate a majority stake in ITA on Monday. MSC is often known as Mediterranean Transport Group.
Italian media studies mentioned the Alitalia successor was value between round 1 billion and a pair of billion euros. A Lufthansa spokesperson didn’t wish to touch upon the figures.
In accordance with insiders, there’s a rival bid from U.S. monetary investor Certares along with Air France-KLM and the American airline Delta.
A choice is predicted within the coming weeks about which of the 2 bidder teams unique negotiations will likely be performed with. A sale is to be accomplished by the top of June.
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