A bid from German carrier Lufthansa for ITA Airways could come early next week, three sources familiar with the matter said on Friday, in a crucial step to speeding up the full privatisation of Italy's state-owned company.
A new state-owned Italian carrier Italia Trasporto Aereo plane with the new blue livery is seen at Fiumicino airport before a news conference to present the aircraft's new fleet, in Rome, Italy, March 1, 2022. REUTERS/Remo Casilli/Italy's govt allows bidders to initially take minority stakesfor ITA Airways could come early next week, three sources familiar with the matter said on Friday, in a crucial step to speeding up the full privatisation of Italy's state-owned company.
The privatisation of ITA, which officially replaced loss-making Alitalia in 2021, has proved a headache for the Italian government which in December passed aOn Jan. 18 potential bidders will not be allowed to access ITA's financial data anymore, two of the sources said, adding Lufthansa was the only credible potential bidder.administration of Giorgia Meloni was confident of finalising the deal.
Industry sources estimate the worth of ITA, which last year posted an operating loss of 170 million euros , at around 500 million euros. One of the sources, who declined to be named, said Lufthansa could initially acquire a 40% stake through a capital increase worth between 300 million and 350 million euros.
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