WSC appoints Soren Toft and Randy Chen as new chair and vice chair
MSC boss Soren Toft and Randy Chen, vice chairman of Wan Hai, have become chair ...
THE FINANCIAL TIMES reports:
Italy is in exclusive talks to sell a controlling stake in ITA Airways, the successor company to bankrupt Alitalia, to Delta Air Lines, Air France-KLM and US private equity firm Certares.
The three placed one of two bids in May for the acquisition of ITA Airways. In a statement on Wednesday the Italian Treasury, which controls the business, said this offer was deemed “more respondent to [the government’s] objectives”.
It added that a binding agreement would be reached only if the negotiations fully satisfied the Treasury.
The latest offer comes after Germany’s Lufthansa and Swiss-Italian shipping conglomerate MSC had expressed interest in acquiring a majority stake. They were deemed the preferred contenders until this week, when Delta Air Lines, Air France-KLM and Certares returned with an improved offer, according to people close to the situation.
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