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Italy asks bidders to recast proposals for Ita Airways

Friday, August 5, 2022
Italy asks bidders to recast proposals for Ita Airways © Reuters. FILE PHOTO: A new state-owned Italian carrier Italia Trasporto Aereo plane with the new blue livery is seen at Fiumicino airport before a news conference to present the aircraft's new fleet, in Rome, Italy, March 1, 2022. REUTERS/Remo Casilli/File Photo

ROME (Reuters) -Italy has asked bidders willing to take over Ita Airways to come up with improved proposals, the economy minister said on Thursday, because the government does not deem the current bids to be sufficient.

Neither of the two rival bids currently fully met the government's goals for the privatisation of the company, Economy Minister Daniele Franco told a news conference.

Shipping group MSC and Germany's Lufthansa are facing a rival bid made by a consortium comprising U.S. private equity fund Certares, Air France-KLM and Delta Air Lines Inc (NYSE:DAL).

Lufthansa Chief Executive Carsten Spohr said earlier on Thursday that the German airline was the best partner for Ita but warned that the company's patience in this instance was not endless.

Prime Minister Mario Draghi, who will remain in a caretaker position until a new government is formed after next month's election, told reporters he wants his administration to complete the sale procedure.

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18-08-2022 00:34:52 (UTC+7)

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 EUR/USD1.0167↑ Buy
 GBP/USD1.2044↑ Sell
 USD/JPY135.43Neutral
 AUD/USD0.6927Sell
 USD/CAD1.2910Sell
 EUR/JPY137.70↑ Buy
 EUR/CHF0.9693↑ Buy
 Gold1,776.85↑ Sell
 Silver19.733Sell
 Copper3.5835↑ Sell
 Crude Oil WTI88.19↑ Buy
 Brent Oil93.72↑ Buy
 Natural Gas9.218Sell
 US Coffee C218.15Neutral
 Euro Stoxx 503,756.06Sell
 S&P 5004,273.68Buy
 DAX13,626.71Sell
 FTSE 1007,515.75Neutral
 Hang Seng19,922.45Neutral
 Small Cap 20001,984.60Buy
 IBEX 358,434.80Neutral
 BASF42.685Neutral
 Bayer53.37Neutral
 Allianz177.54Buy
 Adidas169.10↑ Sell
 Lufthansa6.467↑ Sell
 Siemens AG108.64↑ Sell
 Deutsche Bank AG8.856Neutral
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