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)
- Islamic State closes in on Syrian town, refugees flood into Turkey |
- Exclusive: Iran seeks give and take on Islamic State militants, nuclear program
- Accused White House intruder is decorated Iraq war veteran
- Asian shares slip, dollar pulls away from highs
- UK's Cameron shifts tack on constitutional shake-up to mollify Scots