Ita Airways, the decree on the sale is in the Official Gazette: the offers are starting


From now on, interested parties can send their offer to enter the capital of the Italian airline. Lufthansa would be in pole position, with the German carrier that could formalize its offer in the next few days

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The new decree on the privatization of Ita Airways has been published in the Official Gazette. From now on, interested parties can send their offer to enter the capital of the Italian airline. At the beginning you can do it with a minority share, and then increase your share later.

Who can participate in the negotiation

The decree – of 22 December – establishes that “the sale of the shareholding in Ita is carried out through direct negotiation” and is “limited to the subjects who individually or within a grouping participated in the procedure”. This means that the process is open only to those who sent their expression of interest last spring. Lufthansa would be in pole position: the German carrier could formalize its offer in the next few days.

The purchase price

The decree published in the Gazette also contains details on the “purchase price of the investment” which “takes into account the value of Ita’s shareholders’ equity, as resulting from the company’s financial statements, the interim financial reports and the year-end estimates produced by Ita”.



Source-tg24.sky.it