Etihad pushing for Air Berlin/Alitalia merger
Abu Dhabi-based airline Etihad is pushing for a merger of German Air Berlin and Italian Alitalia, ARD reported. Citing three unidentified sources close to the situation, the German TV broadcaster claimed that the merger talks are at an early stage. The report pointed out that Etihad owns a 30% stake in Air Berlin and plans to acquire a stake in Alitalia shortly. Parties that could complicate the merger include the Italian government and the trade unions, ARD concluded.
Air Berlin has a market cap of EUR 240m.
Source ARD