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MILAN, Dec 2: The Italian government said on Friday it would sell half of its controlling interest in flag carrier Alitalia, inviting investors to bid for about 25 per cent of the loss-making airline.
Italy currently owns 49.9 per cent of Alitalia and had previously pledged not to reduce its holding below 30 per cent.
But a government statement said: “The decision was taken in accordance with intentions to seek strategic international alliances, with a possible final decision regarding Alitalia’s future to be taken by January 2007.”—AFP
