Authors: Antonello Corrado, Silvia Viceconte
Following the publication of the Call for the sale of the business units of Alitalia S.p.A. and Alitalia Cityliner S.p.A., the Extraordinary Commissioners have decided to extend until October 16, 2017 the deadline for the submission of binding offers, previously set at October, 2.
The reasons for the extension are summarized in a brief press release published on the site of the Extraordinary Administration and consist in the need to enable the subjects who have expressed the interest in the acquisition to more thoroughly examine the documentation made available in the data room.
The press release also confirms that the deadline of November 5, set for the completion of the next procedural steps (any negotiation phase and / or improvement of the binding offers submitted), remains unchanged.
For information and details on the Call dated August 1 and its terms and conditions, please refer to our previous update (update 6).