Alitalia's long-awaited rights issue aimed at financing its restructuring plan and saving it from bankruptcy will be launched today and run in stages through Dec. 2 (ATWOnline, Nov. 9). The share issue is expected to raise €1.01 billion ($1.18 billion), around 17% below the carrier's original goal of €1.2 billion. The Italian state will subscribe to just under half the shares issued, worth €489.2 million, diluting its stake to below 50% from the current 62.3%. A consortium ...

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