Italy’s Giorgetti Worried About EU Hold Up of ITA Stake Sale
- Giorgetti speaks to Bloomberg News at G-20 meeting in Brazil
- Sale is a key part of Rome’s €20 billion privatization target
An ITA Airways passenger jet at Fiumicino airport in Rome.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Italian Finance Minister Giancarlo Giorgetti expressed his concern at what he sees as the European Union holding up the sale of a stake in carrier ITA Airways, a key part of his government’s attempt to meet a €20 billion ($21.8 billion) privatization target.
“The privatization we are most worried about is ITA, which has gotten stuck and not by responsibility or fault of the Italian government,” Giorgetti told Bloomberg News, without naming the EU, on the sidelines of the Group of 20 meeting of economy chiefs in Sao Paulo, Brazil late Thursday.