Italy's state railways denies report about Alitalia merger
MILAN Feb 11 (Reuters) - Italy's state railway Ferrovie dello Stato denied on Monday a media report about hiring advisor for a possible merger plan with Italy's flagship airline Alitalia, which is expected to post a loss for 2012.
"Ferrovie dello Stato has not asked any advisor to evaluate a merger plan with Alitalia," the railways group said in a statement.
Corriere della Sera reported on Monday that Boston Consulting Group is working on an Alitalia-Ferrovie dello Stato "integration plan".
Alitalia, which is 25 percent-owned by Airfrance-Klm , will run out of cash to pay its employees by the end of March, Il Messaggero reported on Monday in a separate article. (Reporting by Jennifer Clark, editing by Antonella Ciancio)
- U.S. war veteran released by North Korea returns home |
- South Korea expands air defense zone to partially overlap China's |
- Dynasty's Congress party punished in Indian state elections
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- South Korea to make announcement on air zone; expansion is anticipated |