MILAN (Reuters) – State-owned ITA Airways will make its monetary information obtainable for suitors from subsequent week, two sources accustomed to the matter stated on Thursday, because the Italian authorities tries to hurry up the privatisation of the successor to Alitalia.
The sources informed Reuters that each one three consortia that expressed curiosity in shopping for a majority stake within the airline will probably be admitted to ITA’s information room regardless of a request from one of many suitors, delivery group MSC, for unique talks.
MSC teamed up with Germany’s Lufthansa and offered a bid in January, indicating it was prepared to supply greater than 1 billion euros ($1.1 billion) for the service.
U.S. fund Certares and Wizz Air investor Indigo Companions have additionally expressed their curiosity within the airline in latest days, sources have stated.
ITA began flying instead of Alitalia in October, completely grounding the 75-year-old, one-time image of Italian type and glamour after years of monetary losses and failed rescue makes an attempt.
Final month the Treasury picked Equita and Gianni & Origoni as monetary and authorized advisers for the privatisation of ITA Airways, which is totally owned by the federal government.
The service has lined up JPMorgan and Mediobanca to assist on the seek for non-public buyers.
($1 = 0.9217 euros)
Reporting by Francesca Landini and Giuseppe Fonte; Modifying by Keith Weir
