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MSC drops interest in ITA Airways stake acquisition

The largest container shipping company in the world MSC has told Italian authorities that it is no longer interested in investing in ITA Airways as part of a planned privitisation.

MSC and German airline Lufthansa had expressed interest at the beginning of the year to acquire a majority stake in ITA Airways, the successor to Alitalia. However, the discussions did not come to an agreement.

“MSC did not now see the right conditions for a deal in the current process,” said the company in a statement.

Lufthansa seems to be still interested in buying into ITA despite MSC’s decision to pull out, according to a company’s spokesperson, reports Reuters.





Antonis Karamalegkos
Managing Editor

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