Italian banking group Intesa Sanpaolo has stated it is not willing to invest in Alitalia if unions do not give their full support to the recently-finalized deal between Etihad and Alitalia, which will involve Etihad purchasing a 49% stake in the Italian flag carrier. The banking group is a shareholder in Alitalia as well as a creditor. Intesa chairman Gianmaria Gros Pietro said: “For our part we have made our participation conditional on all problems posed by Etihad being resolved starting with agreements with the union.” The airlines have been in talks since December, but Etihad’s demands for up to
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