Atlantia looks acquire up to 40% stake in Alitalia

alitalia

Italian infrastructure group, Atlantia is said to be looking at acquiring 30% to 40% stake in the national carrier, Alitalia.

According to a report by Il Sole 24 Ore, a local newspaper, Atlantia could pay up to $336.21 million to acquire the reported stake in the struggling local carrier.

While the news is still not verified by both parties, the newspaper reported that the Benetton family-owned conglomerate will be discussing the matter with its board.

According to a report by Reuters, Italy’s aviation ministry is leading talks between the administrators managing the loss-making Alitalia and state-owned railway group Ferrovie dello Stato, which is trying to set up a consortium to buy the carrier.

An elapsed takeover deadline has now been extended to the 15th of July.