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Prodi insists buyer must make full bid for Alitalia

6 December 2006

After weeks of speculation the Italian Government yesterday began the privatisation of Alitalia, the troubled national airline, by announcing the sale of 30.1 per cent of its 49.9 per cent stake.

It attached conditions, however, including an insistence that whoever buys the stake must make a full takeover bid for the whole airline, undertake to keep its logo and national identity and come up with a convincing business “turnaround” plan to salvage the debt-ridden company.

source: Times Online

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