Owner of Colombia's Avianca eyes takeover of Italian airline Alitalia, Polish flag carrier LOT

German Efromovich, the owner of Colombian flag carrier Avianca, is reportedly looking to acquire Italian airline Alitalia or Polish flag carrier LOT Polish Airlines. Efromovich seeks to boost his presence in Europe.

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Ryanair won't take part in Alitalia cash call

Ireland's Ryanair on Tuesday announced that it won't participate in Italian airline Alitalia's EUR300 million emergency cash call. Other carriers including Lufthansa, Etihad Airways, Aeroflot and Alitalia shareholder Air France-KLM have also turned down the deal.

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Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on tuesday including Adcock Ingram, Energa, Nordea Bank, Alitalia, Ben Venue, TIM Participacoes, Douglas, Mercator, Novartis, OncoMed, Kerning and Malaysia Airports

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Alitalia raises EUR173 million in cash call, to receive the rest from postal service, others

Italian airline Alitalia said on Thursday that it was able to raise EUR173 million of EUR300 million it needed in its cash call from investors with help from Intesa Sanpaolo and UniCredit.

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Aeroflot rules out financial aid for Alitalia

State-controlled Russian airline Aeroflot told Reuters the company will neither buy nor financially aid Italian airline Alitalia despite being repeatedly named by Italian officials as a potential backer.

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Alitalia's industrial plan to be submitted for shareholder approval

Alitalia CEO Gabriele del Tochio would be submitting to the board for its decision for an industrial plan which would include 2,000 employee layoffs in order to keep the Italian air carrier aloft.

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Top deals of the day - M&As

The following bids, mergers, acquisitions and disposals were reported on Tuesday.

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Air France-KLM depreciates Alitalia stake from books

A recent quarterly report released by Air France-KLM showed that the Franco-Dutch airline had written off the value of its 25% ownership stake in Italian carrier Alitalia.

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Shareholder insists Alitalia on keeping Air France-KLM as partner

Intesa Sanpaolo chief executive officer Carlo Messina wanted Italian carrier Alitalia to have Air France-KLM as its industrial partner.

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Air France CFO blasts Alitalia for lack of information

In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.

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Alitalia must overhaul before Air France-KLM considers merger

Air France-KLM CEO Alexandre de Juniac said a company restructuring should happen in Alitalia before the French carrier would consider putting out a takeover offer.

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Air France-KLM position for Alitalia capital increase remain unclear

Air France-KLM, a top shareholder in Italy’s Alitalia, did not make a clear position regarding a proposed capital increase to save the near-bankrupt air carrier.

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New investments keep Alitalia flights on time

Alitalia remains operational because of capital infusion from Il Poste and Italian banks.

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Near-bankrupt Alitalia gets lifeline from investors

Alitalia, an almost bankrupt Italian firm, had received a lifeline last Friday after the company's board approved a capital increase, reported Reuters.

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PM Letta wants a state-backed firm to ease Alitalia merger- sources

Sources told Bloomberg that Italian Prime Minister Enrico Letta was pushing for a state-controlled firm to back Alitalia in its planned merger with Air France-KLM.

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