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Old 23rd Oct 2008, 13:20
  #714 (permalink)  
pee
 
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The first unofficial news from Brussels

According to the infomation given by World Aeronautical Press Agency, the European Commission's opinion, which is probably due for mid-November, could give the go-ahead to Alitalia rescue plan. There are, however, two questions that CAI will have to take into account: assets and the 300 million Euros loan.

Brussels will probably ask assets to be sold by Alitalia Extraordinary Commissioner Augusto Fantozzi at market prices. Brussels could also ask discontinuity and the giving back of the 300 million Euros loan granted by the Government to Alitalia, not in line with EU rules on State-aid.

An "Independent trustee" will probably monitor the privatization process (e.g. asset or discontinuity) in order to report to the EU Commission.
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