ROME, Nov 16 (Reuters) – The Italian financial system ministry on Wednesday stated it might appoint former Treasury official Antonino Turicchi as chairman of state-owned provider ITA Airways, the successor to Alitalia.
Turicchi, who additionally sat on the board of state-controlled financial institution Monte dei Paschi di Siena, is presently the CEO of FINTECNA, a monetary holding firm managed by state lender Cassa Depositi e Prestiti (CDP).
At ITA Airways, he’ll take the place of Alfredo Altavilla, who resigned earlier this month after a conflict with a number of board members over technique to finish the privatisation of the airline.
In August, the Treasury picked a bunch led by U.S. non-public fairness fund Certares, backed by Air France-KLM (AIRF.PA) and Delta Air Strains Inc (DAL.N), for unique talks on shopping for a majority stake within the provider.
The consortium beat a rival bid introduced by transport group MSC and Germany’s Lufthansa (LHAG.DE).
The exclusivity interval ended final month however talks over a possible sale settlement are persevering with.
It stays to be seen whether or not MSC and Lufthansa will formalise a brand new provide.
Confirming a Reuters report on Tuesday, the Treasury stated in an announcement it might appoint Turicchi at an ITA Airways shareholders’ assembly on Wednesday.
Turicchi had not too long ago been indicated by political sources as a possible candidate to interchange Alessandro Rivera as director-general of the Treasury.
Reporting by Giuseppe Fonte; Modifying by Nick Zieminski, Kirsten Donovan
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