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Alitalia EUR127m short of target after capital raising deadline passes

29-Nov-2013 6:54 AM

Alitalia stated (28-Nov-2013) EUR173 million has been raised as part of the carrier's planned EUR300 million capital raising, with the deadline for subscriptions passing on 27-Nov-2013. The carrier will now look to sell the unsubscribed shares to other shareholders before a 10-Dec-2013 deadline. Alitalia stated: "According to the information available to date, the Company believes that, taking into account also the share subscription commitments already received, the capital increase is likely to be fully subscribed." [more - original PR] [more - original PR - Italian]