FORMER Italian prime minister Silvio Berlusconi — who is running for office again in this year’s general election — has vowed to block Air France-KLM from buying Italian airline Alitalia.
Last week, Alitalia agreed to a smaller-than-expected takeover offer of €138m from Air France-KLM in the face of growing financial pressure.
Mr Berlusconi said, if elected next month, he would reveal a counter-offer for the airline backed by Italian-based investors.
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This appeared in the printed version of the Irish Examiner Monday, March 24, 2008
