Germany’s Lufthansa (LHAG.DE) wants to acquire a 20% stake in state-owned Italian airline ITA Airways, the successor to Alitalia, and its cooperation partner MSC is bidding for a 60% stake, a person familiar with the matter told Reuters on Tuesday.
The Italian state would initially keep the remaining 20%, the source said.
The Lufthansa-MSC duo made their offer to acquire a majority stake in ITA on Monday.
MSC is also known as Mediterranean Shipping Group.
Italian media reports said the Alitalia successor was worth between around 1 billion and 2 billion euros.
A Lufthansa spokesperson did not want to comment on the figures.
A decision is expected in the coming weeks about which of the two bidder groups exclusive negotiations will be conducted with. A sale is to be completed by the end of June.
Reporting by Ilona Wissenbach Writing by Paul Carrel Editing by Miranda Murray