Alitalia receives half of necessary funds
The Italian airline Alitalia SpA resolved to increase its capital by EUR 300 million on 14/15 October 2013. After the expiry of the option rights on 27 November, the company has received approximately EUR 173 million with subscriptions from shareholders and the payments already effected by Intesa Sanpaolo S.p.A. and Unicredit S.p.A. as advances on their respective share subscription guarantees.
Furthermore, and in accordance with the resolution approving the capital increase, the company has received reserves on the unsubscribed shares for a quantity exceeding the availability. In accordance with this resolution, such reserves must be confirmed in the next few days (no later than 10 December 2013) and must be accompanied by the corresponding payments.
According to the information available to date, the company believes that, taking into account the share subscription commitments already received, the capital increase is likely to be fully subscribed.