Ferrovie dello Stato remains committed to plans for binding offer for Alitalia

Ferrovie dello Stato Italiane (FS) announced (15-Oct-2019) its willingness to continue discussions for the definition of a long term plan aimed at formulating a final offer for the purchase of Alitalia SAI SpA and Alitalia Cityliner SpA, with the participation of a partner airline. FS outlined the following conditions for its participation:

• The definition of a new company (Newco) shareholding structure with FS as a minority shareholder;
• The identification of a partner to participate in the capital of Newco with a significant share;
• An agreement between shareholders on the governance structure and senior management of the Newco;
• Final definition of the Newco business plan, which will be managed and implemented by the industrial partner. [more - original PR - Italian]