Italy lays out conditions for ITA Airways sale

Italy's PM Giorgia Meloni on Wednesday approved a decree to sell

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an initial minority stake in ITA Airways with the aim of facilitatin

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the full privatization of the state-owned carrier, a government statement said

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making clear the government did not want a fund to purchase the carrier.

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It also allows bidders to buy stakes in ITA through one or more capital increases.

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Germany's Lufthansa is the frontrunner to enter ITA's capital,

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the company has said it wants a minority stake in the immediate term.

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In an effort to speed up the sale process, the decree removed an obligation

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Treasury must have a say on any new shareholders during the sell-off process.

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Italy lays out conditions for ITA Airways sale

Italy lays out conditions for ITA Airways sale

Italy's PM Giorgia Meloni on Wednesday approved a decree to sell

Italy's PM Giorgia Meloni on Wednesday approved a decree to sell

an initial minority stake in ITA Airways with the aim of facilitatin

an initial minority stake in ITA Airways with the aim of facilitatin

the full privatization of the state-owned carrier, a government statement said

the full privatization of the state-owned carrier, a government statement said

making clear the government did not want a fund to purchase the carrier.

making clear the government did not want a fund to purchase the carrier.

It also allows bidders to buy stakes in ITA through one or more capital increases.

It also allows bidders to buy stakes in ITA through one or more capital increases.

Germany's Lufthansa is the frontrunner to enter ITA's capital,

Germany's Lufthansa is the frontrunner to enter ITA's capital,

the company has said it wants a minority stake in the immediate term.

the company has said it wants a minority stake in the immediate term.

In an effort to speed up the sale process, the decree removed an obligation

In an effort to speed up the sale process, the decree removed an obligation

Treasury must have a say on any new shareholders during the sell-off process.

Treasury must have a say on any new shareholders during the sell-off process.

Read more Full details

Read more Full details