Troubled Alitalia says gets three takeover bids

Troubled Italian carrier Alitalia has received three takeover offers as part of its latest rescue efforts, the company says
Troubled Italian carrier Alitalia has received three takeover offers as part of its latest rescue efforts, the company says

Troubled Italian carrier Alitalia has received three takeover offers as part of its latest rescue efforts, the company said in a statement on Wednesday.

The offers will be examined by Alitalia's external administrators before being passed on to Italy's ministry of .

Italy's state-owned railway operator on Tuesday said it was set to make an offer to buy Alitalia. Railway group Ferrovie dello Stato (FS) did not provide any details.

But the Italian press had earlier suggested that the FS offer would carry certain conditions, such as an alliance with a foreign airline.

German company Lufthansa has expressed interest in Alitalia in recent months—as has Britain's EasyJet and the Hungarian WizzAir. But on Tuesday Lufthansa ruled out any deal in which the Italian state was involved.

Easyjet has also confirmed an interest in a "restructured" Alitalia as part of a consortium.

Alitalia, which employs more than 11,000 people, has struggled to compete with low-cost European rivals and has gone into administration.


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© 2018 AFP

Citation: Troubled Alitalia says gets three takeover bids (2018, October 31) retrieved 25 June 2019 from https://phys.org/news/2018-10-alitalia-takeover.html
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