Alitalia and Etihad Airways have signed a transaction implementation agreement today (August 8th), in a deal that will see Etihad acquire a 49% stake in the Italian flag carrier. Etihad will invest €560 million in Alitalia, becoming a minority shareholder with an additional €300 million committed by principal Alitalia shareholders Intesa San Paolo (€88m), Poste Italiane (€75m), UniCredit (€63.5m), Atlantia (€51m), IMMSI (€10m), Pirelli (€10m) and Gavio (€2.5m). Up to €598 million in financial restructuring of short and medium term debt has been provided by Italian financial institutions, together with new loan facilities totalling €300 million, and the recapitalisation will

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