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.
https://container-news.com/msc-drops-interest-in-ita-airways-stake-acquisition/