The European Commission has closed a state aid investigation into state-owned Italian postal company Poste Italiane’s €75 million ($85 million) investment in Alitalia. The preliminary investigation was launched in October 2013 after Poste Italiane agreed to subscribe up to €75 million to an Alitalia capital increase. “Evidence gathered by the Commission in the investigation suggests that Poste Italiane carried out an investment under the same terms and conditions as two ...

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