Ita, the Treasury deals with the Certares, Delta and Air France fund: Lufthansa excluded.  Meloni attacks Draghi: "He had to wait for the new government" - Il Fatto Quotidiano

Ita, the Treasury deals with the Certares, Delta and Air France fund: Lufthansa excluded. Meloni attacks Draghi: “He had to wait for the new government” – Il Fatto Quotidiano

The Draghi government accelerates on the dossier Ita. The Treasury announced Wednesday that it will start “a negotiation in exclusive”With the consortium formed by the US fund Certares in partnership with Delta Airlines And Air France-Klm. The offer of the consortium that opposed the one formed by Msc And Lufthansa was surprise deemed “more in line with the objectives set by the Dpcm”. A binding agreement will in any case be signed only “in the presence of fully satisfactory contents for lpublic shareholder“. The German company excluded from the race attacks: “We take note of the decision of the Italian government to undertake a path that allows for greater State influence and does not envisage a complete privatization of Ita “. Not a small accusation, considering that privatization is a commitment that Rome has made with the EU in the face of the recognition that Ita is not a direct heir of Alitalia and therefore is not responsible for the reimbursement of illegal state aid received by the former flag carrier. “The offer of Certares for Ita was higher than that of Msc and Lufthansa, which was not significantly changed during the procedure, in all respects required from the Dpcm, in particular the value and the industrial plan ”, revealed Mef sources in the evening in response to the German observations.

Meloni: “The government shouldn’t have gone ahead” – On the move to Via XX Settembre, the political debate is ignited. “I don’t know the dossier so well, I read that there has been an acceleration, frankly I thought that the current government shouldn’t go on on such a strategic issue ”, said the president of the Brothers of Italy Giorgia Meloni, who had already asked to stop the procedure in recent weeks. “We are lending a hand to issues that are indispensable, such as guaranteeing the PNRR money, we have given our availability on the problem of bills which is an immediate problem, but on strategic matters, given that we vote in twenty days I do not understand why the government Italian deliberately decides to move forward, without waiting for the next government, which will have a different mandate popular to make choices that impact the fate of this nation ”, he argues. “The M5s asks the government to clarify the reasons that push him to favor this offer over the competing one ”, the pentastellato leader told Chieti Giuseppe Conte. “We have to be sure that we are preferring the best solution. The government, in full transparency, must explain ”, he added. And also the coordinator of Forza Italia Antonio Tajanito SkyTg24says that “it would be appropriate to wait for the next government”.

Details of the offer – The new proposal arrived on the government table by the consortium led by Certares provides that the US fund will buy the 50% plus one share of the company, more than 40% envisaged in the first offer, effectively privatizing it. It is expected that the Mef can name the chairman of the board of directors and express approval for the CEO. The initial value of Ita is confirmed in 700 million but then it becomes 1,950 million with two capital increases subscribed respectively by the ministry (650 million) and by Certares (600 million). The offer gives Rome Fiumicino a central role as the third hub in continental Europe, together with Amsterdam and Paris. Delta and Air France would invest in Ita at a later date, with the French giant intending to acquire a 9.9% stake. MSC and Lufthansa would have instead put on the plate 850 million euros for the80% of Ita, with 60% to MSC, 20% to the Germans and 20% left to Mef. From an industrial point of view, they would have developed synergies with MSC for both passengers and cargo. Fiumicino would later become Lufthansa’s hub for the Mediterranean.

Lufthansa’s reaction – “From our point of view, our joint offer with MSC was and continues to be the best solution for Ita”, commented Lufthansa. “We take note of the decision of the Italian government to undertake a path that allows for greater State influence and does not envisage a complete privatization of Ita. Even without a collaboration with Ita, the Lufthansa Group maintains an excellent position on the Italian market. With our Italian airline Air Dolomiti and all our airline brands we already have a strong presence, with around 4 million passengers and over 130 daily departures from 21 destinations. We will continue to expand this positioning with our strength and to further develop our offer to offer the best service to our Italian customers and passengers ”.

The context – The premier as you know has always intended to close the privatization of the company before elections of 25 September. As he explained in the last press conference on August 4, “on Ita the government will go all the way and decide”. The leader of the Brothers of Italy Giorgia Meloni the day before he had tried to give a halt there by claiming that “al raise of our national airline will think who will govern ”after the vote. After that press conference, the government asked the contenders to review the offers because “not fully consistent with the requirements of the Prime Ministerial Decree “of last February, which started the privatization of Ita and which, as explained by the Minister of the Economy Daniele Franco, in addition to the financial aspect, “emphasizes three essential aspects for Ita”, namely “the industrial dimension: the aim is to create a solid and profitable company. The growth prospects of the company: access to strategic markets and long-range operations are considered crucial. L’occupation: the growth of Ita must translate into the development of quality and sustainable employment “.

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