The Italian government on Friday confirmed its intention to reduce its controlling interest in Alitalia in an effort to lift the carrier out of the red and into an alliance. Since the initial part-privatization in December 2005, the Italian state holds 49.9%. It now wants to reduce this to 25%-30%. "The strategic recovery of Alitalia cannot be done without the entry in the company's capital of new industrial and financial partners," the office of Prime Minister Romano Prodi said in a ...

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