(Finance) – The second week of January closes without major progress in the privatization process of ITA Airways. The hypothesis of acceleration of the agreement with Lufthansato allow the programming of summer flights to be launched on the basis of the consequent commercial collaboration, has ceased to exist, as there are still fundamental points to be defined.
Stand there provided that Lufthansa acquires a 40% stake in ITA’s capital, with the Germans having the possibility of becoming the majority shareholder. It is precisely on this point that Lufthansa expresses doubts, suggesting di have not received guarantees on debt managementas well as to fear theoutcome of the labor lawsuits brought by former Alitalia employees.
They objectively remain the last 15 days of January to submitby Lufthansa, the expression of interest which could be based on an offer not exceeding 350 million euros to acquire 40% of the shares. Operation to be carried out through a reserved capital increase.