MILAN May 19 Italian insurer Unipol
would sell its 0.3 percent stake in Alitalia if it were asked to
do so as part of ongoing talks with Abu Dhabi airline Etihad
about investing in the Italian carrier, its chief executive said
"It is not a large stake. If we were asked to (as part of
negotiations with Etihad) we would sell," Carlo Cimbri said on
the sidelines of a presentation.
Etihad has been looking into a possible investment in
Alitalia, which was kept afloat by a government-engineered 500
million euro ($686 million) rescue package last year, since the
beginning of 2014.
The prospect of large job cuts at the Italian airline and
its debt of at least 800 million euros have hindered the talks.
($1 = 0.7289 Euros)
(Reporting by Gianluca Semeraro, writing by Isla Binnie,
editing by David Evans)