Alitalia, Meridiana Fly Are in Merger Talks, Messaggero Reports

Alitalia SpA and Meridiana Fly SpA are discussing a merger, Il Messaggero reported, without saying how it got the information.

Talks have been in progress for a “few months,” the newspaper said, adding that the airlines’ boards have yet to make a decision about combining.

A merger may take place through a share swap and give the Aga Khan, who controls Meridiana, between 5 percent and 7 percent of Alitalia, according to Messaggero. That would correspond to a valuation of Meridiana of about 100 million euros ($135 million), the paper said.

To contact the reporter on this story: Chiara Remondini in Milan at cremondini@bloomberg.net

To contact the editors responsible for this story: Vidya Root at vroot@bloomberg.net.

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