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Atlantia confirms interest in potential joint takeover of Alitalia

Atlantia SpA is willing to participate in a potential acquisition of Alitalia Compagnia Aerea Italiana SpA as long as it partners with a "leading airline" for such a transaction, the Italian infrastructure company said Oct. 15.

The toll road operator said it intends to participate in a binding offer that would involve forming a new company tasked with acquiring the troubled Italian airline. The potential partner in establishing the new company must assume "a major role" in executing plans to turn Alitalia's fortunes around, it added.

Atlantia also said it should only be a minority shareholder in the new company and must not be involved in its day-to-day operations to avoid potential conflicts of interest. Alitalia holds a nearly 100% stake in Aeroporti di Roma SpA.

Separately, Ferrovie dello Stato Italiane SpA also voiced its willingness to participate in a binding offer for Alitalia as long as a leading airline intends to invest in the Italian carrier, Reuters reported. Atlantia and Ferrovie dello Stato previously formed part of a consortium that also included Delta Air Lines Inc. and the Italian economy ministry for the takeover of Alitalia.

Alitalia's businesses have been under extraordinary administration since 2017 after two failed rescue attempts in 2009 and 2014.