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Alitalia: agreement between shareholders on capital increase, Poste Italiane raises investment to 75 million

Intesa Sanpaolo, Unicredit and Atlantia would have found an agreement on the distribution of the 300 million capital increase of the former national carrier - Poste Italiane willing to increase the investment up to 75 million but in the mid-company - Nothing between company and trade unions – Today Alitalia members meet the CEO of Etihad, James Hogan.

The Italian shareholders of Alitalia (Intesa Sanpaolo, Unicredit and Atlantia) are said to have reached an agreement on the distribution of the 300 million capital increase approved by the airline's shareholders' meeting last Friday. This is what we learn from sources close to the dossier.

The total investment, however, should reach almost 900 million euros, since another 565 million should be used to restructure part of the debt that the former flag carrier has accumulated in recent years (about one billion euros).

Furthermore, on the public side, it seems that Poste Italiane has accepted the solicitation of the banks to increase the investment in Alitalia. The Treasury subsidiary would now be willing to put 75 million euros on the plate but not in the old Cai but in a new mid-company so as not to have to bear the company's previous losses on the eve of its IPO.

The information leaked from the Ministry of the Treasury, where a meeting ended in the early afternoon between the shareholders of Alitalia, the top management of the company and the head of the technical secretariat in via XX Settembre, Fabrizio Pagani. The company's partners left the ministry without making a statement.

Today's meeting followed yesterday's one, which had recorded a stalemate on the role of the Post Office within the new corporate structure that should come to life after the completion of the alliance with Etihad. 

An appointment between the shareholders of Alitalia and the CEO of Etihad, James Hogan, is also on the agenda this afternoon. The Australian manager, who arrived in Rome this morning, has already attended a meeting in a hotel in the capital with the president of Alitalia, Roberto Colaninno, and the managing director of Atlantia, Giovanni Castellucci.

Meanwhile, a meeting was also held between company representatives and the unions on the launch of mobility procedures for 2.171 redundancies. The appointment ended in stalemate, as there is no certainty about the extraordinary fund for air transport. The company and the unions should meet again between Thursday and next Friday.

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