Italy to give up control of Alitalia
Italy’s government said on Friday it would give up its controlling stake in Alitalia, the loss-making national airline, and officials said it was willing in principle to sell its entire 49.9 per cent shareholding.
Immediately after the announcement, Alitalia shares soared by more than 15 per cent to €0.98 in Milan trading, the biggest and fastest gain for the stock since the airline received a €1bn ($1.3bn, £673m) capital injection last year.
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