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ALITALIA : bloomberg du jour !

larchepi
15 nov. 200716:44

Alitalia to Choose Buyer Around Nov. 23, Bianchi Says (Update1)

By Alessandro Torello

Nov. 14 (Bloomberg) -- Alitalia SpA's chairman, Maurizio Prato, will recommend a buyer for the government's stake in Italy's biggest airline ``around Nov. 23,'' Transport Minister Alessandro Bianchi said today.

Prato has taken an extra week to reach a decision on the sale of the state's 49.9 percent stake, the minister told reporters in Rome after an appearance in Parliament.

Bianchi's remarks, previously reported by news agency Radiocor, were confirmed by a ministry spokesman. Prato had previously said he would name a buyer by Nov. 10 and Bianchi later said a decision was expected by Nov. 16.

The government has given Prato a mandate to sell its stake in the airline, which is losing 1 million euros ($1.47 million) a day, after canceling an auction in July when all the bidders dropped out.

Air France-KLM Group and Deutsche Lufthansa AG, Europe's two biggest airlines, are interested in the stake, as are AP Holding SpA, the parent company of Alitalia's main domestic competitor Air One, and Russia's OAO Aeroflot, eastern Europe's largest airline.

Alitalia said yesterday that its third-quarter loss narrowed to 58 million euros, as the company reduced operating costs. It didn't provide net figures.

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