Atlantia could take 20% stake in Alitalia
Italian infrastructure group Atlantia [BIT:ATL] could take a 20% stake in insolvent airline Alitalia, the Italian-language daily La Stampareported. The unsourced report said that advisors on the matter are looking at Atlantia investing EUR 200m-EUR 220m instead of EUR 300m, while QuattroR would invest a further EUR 80m-EUR 100m to take a 10% stake.
The report added Ferrovie dello Stato (FS) would take a 30% stake, US airline Delta [NYSE:DAL] 15% and the Italian government 15%. The source was not clear on which parties would take the remaining 10% required to complete Alitalia's recapitalisation.
Most previous reports had claimed that the government was pressuring Atlantia to take a 40% holding in Alitalia.
As reported, Alitalia has EUR 500m remaining of a EUR 900m bridge loan provided by the Italian government.