Jul 25, 2008
Rome found the capital for Alitalia
Below are the main stages in the privatisation of Alitalia since December 2006:
2006
December 5: The Italian state, which owns 49.9% of Alitalia, announced its desire to sell at least 30.1% of capital threshold that will require the buyer to launch a takeover bid for the rest of the capital.
2007
January 29: The Italian government announced that he had received eleven expressions of interest, including those of the Italian bank Unicredit, founder of the Italian airline Air One Carlo Toto (via his company AP Holding), investment fund management and e Capitali Texas Pacific Group, and the union of pilots Unione Piloti (UP). Air France has it not responded to the call for tenders.
February 13: The Italian government announced that five candidates are selected, those of Carlo Toto, funds Management e Capitali, Matlin Patterson Global Advisers and TPG and Unicredit.
February 20: Air France asks the gendarme of the Italian Stock Exchange to investigate rumours "false" reports of its intention to bid on Alitalia.
April 2: Three players share their firm intention to launch a bid: the Russian company Aeroflot, combined with Unicredit; AP Holding, the fund Matlin Patterson Global Advisers and Texas Pacific Group, combined with Mediobanca.
April 6: Air France denies having discussed with Aeroflot of a joint acquisition of Alitalia.
April 19: Jean-Cyril Spinetta announced that Air France intends to remain outside the process of privatization of Alitalia.
May 15: Italian Infrastructure Minister Antonio Di Pietro, said that offers of Air One and TPG are more competitive but still needs to be improved.
May 29: TPG said he was ready to throw in the towel because of conditions imposed by the government.
June 19: Matlin Patterson Global Advisers (MPG) is eligible to participate in the consultation accounts for the submission of a tender after the withdrawal of TPG.
June 27: Aeroflot withdraws from the race for redemption.
July 12: Jean-Cyril Spinetta reaffirmed that Air France is not interested in a stake in Alitalia.
July 17: Air One withdraws from the race for redemption because of overly strict conditions imposed by the Italian government.
July 18: Italian Government formalizes the failure of privatization, MPG has decided not to launch offer.
August 9: Air France-KLM announces remain "attentive" to the fate of Alitalia
August 21: A group of entrepreneurs represented by Antonio Baldassarre, former president of the Italian Constitutional Court, indicates its interest in Alitalia.
September 7: Alitalia announced they have entered into contact with potential buyers.
October 8: Alitalia announced that he had selected six potential buyers: Aeroflot, Air France-KLM, AP Holding, Lufthansa, TPG and the group of investors Antonio Baldassarre.
November 7: Alitalia announced that the group of investors Antonio Baldassarre does not qualify for a takeover.
November 20: Aeroflot withdraws from the race for redemption.
December 6: Alitalia announced that he had received offers for resumption of Air France-KLM and Air One.
December 11: President of the Italian employers, Luca Cordero di Montezemolo, has decided on the supply of Air One.
December 13: Alitalia announced that he had received a letter from Evergreen funds and THL Transportation, claiming allies to Singapore Airlines, which denies this alliance.
December 17: The two candidates clarify their offers. Air France-KLM offers an exchange of shares and a capital increase of 750 million euros. Air One offers a capital increase of 1 billion euros.
December 21: After twice postponed its decision, the Board of Directors of Alitalia gives preference to Air France-KLM.
December 28: The Italian government announces the opening of exclusive negotiations with Air France-KLM.
2008
January 2: Opening of exclusive negotiations between Air France-KLM and Alitalia.
January 9: Jean-Cyril Spinetta met Maurizio Prato, the boss of Alitalia, and Italian Finance Minister Tommaso Padoa-Schioppa in Rome.
February 17: 10,000 people demonstrate in front of the airport of Milan-Malpensa to protest against the reduction in the number of scheduled flights by Air France offers.
February 20: Italian justice denied the request for suspension of negotiations conducted by Air One.
February 22: Alitalia denies need for an emergency loan of 300 million euros to "hold" until the merger.
February 28: Italian justice again denied the request for suspension of negotiations.
March 10: Air France announced that he had obtained the green light from its board of directors for an offer.
March 11: Italian press advance that Air France could remove 1,410 jobs at Alitalia in case of redemption.
March 16: CA Alitalia approves unanimously bid for Air France, which values the company at 140 million euros.
March 17: Minister of Economy approves Italian offering of Air France-KLM.
March 19: at the end of a meeting with unions, who feel that supply conditions make it difficult acceptance, Jean-Cyril Spinetta believes that the acquisition is in jeopardy.
March 21: Silvio Berlusconi said he would oppose a "non-dry" to the bid if it wins the parliamentary elections.
March 27: Silvio Berlusconi describes as "indiscretions" and "assumptions" about him which are awarded and that Eni, Ligresti or Benetton would be interested in Alitalia.
March 28: Italian unions reject the proposed new Air France-KLM confirmed 2,100 layoffs, but indicated they want to continue negotiations.
April 2: Air France rejected the proposal against Alitalia unions. Maurizio Prato resigns.
April 3: Alitalia called Aristide Police in place of Maurizio Prato.
April 7: The Board of Directors of Air France considers that "it is for Alitalia, its employees and trade unions say how they see the future of their business."
April 8: CA Alitalia believes that the company can continue its activity in the very short term.
April 16: Silvio Berlusconi revived the possibility of an alliance with Alitalia, Air France-KLM, a condition of obtaining rights equal to those of its partners.
April 21: Air France announces the withdrawal of its bid on Alitalia.
April 22: Rome grant an emergency loan of 300 million to Alitalia.
April 23: The European Commission raises doubts about the nature of this loan.
April 24: Silvio Berlusconi says that the loan is the only thing to do. The board of Alitalia "noted positively the loan."
May 13: Board of Directors. Rome wants to find a solution to save Italian private company.
by erectusplus at 7:27 AM |
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