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Italy government says EU positive towards Alitalia privatisation decree

06-Jun-2008
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Italy government says EU positive towards Alitalia privatisation decree

Tags :Continental Europe, Alitalia

(XFN Asia) Undersecretary at the Economy Ministry, Luigi Casero, the European Union commission has a positive inclination towards a decree presented by the Italian Government that outlines the privatisation procedure for Alitalia SpA and transformed a EUR300 million loan into capital.

 

The parliament's official bulletin reported Casero as saying that the decree will allow to overcome objections made by the EU regarding the aid because it will ease the sale of the airline and the reimbursement of the financing.
 
Economy Minister, Giulio Tremonti, previously stated he did not expect to have problems with the European Union over the decree approved by the cabinet.
 
The commission is expected to examine on 11-Jun-08 whether the financing granted to Alitalia is state aid.

Date posted: 06-Jun-08
 

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