Pursuits
Alitalia Hires Adviser as It Seeks EU300 Million to Fund Revamp
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Alitalia SpA has hired Gruppo Banca Leonardo to help raise hundreds of millions of euros before the end of this year as the biggest Italian airline embarks on a new strategy aimed at ending operating losses in 2014.
Milan-based Leonardo is due to report back on preliminary talks with banks at an Alitalia board meeting scheduled for later this month, the airline in a statement late yesterday.