Alitalia accepts Air France offer

Courtesy Newsvine - business  Sun, 03/16/2008 - 05:29

Troubled Italian carrier Alitalia has agreed to be bought by rival Air France for a cut-price 138m euros(£106m:$215m) in a move to save the state airline.

The Italian government, which holds 49.9% of Alitalia, failed to sell the company by auction in 2007.

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