Alitalia narrows loss, stays mum on potential sale

Article Abstract:

Third-quarter net loss for Alitalia Linee Aeree Italiane S.p.A. shrank to 57.6 mil euro from 66.4 mil euro in 2006. Revenue dropped 2.7%, but operating losses narrowed from 42 mil euro to 19 mil euro. However, the airline has not made any announcements regarding a new owner, as the Italian government continues to try to sell its 49.9% stake.

Sales, profits & dividends, Air Transportation, Scheduled, And Air Courier Services, Italy, Airlines, Company sales and earnings, Company earnings/profit, Linee Aeree Italiane S.p.A., Financial report

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KfW to sell stake in struggling IKB

Article Abstract:

Germany's IKB Deutsche Industriebank AG is being sold by its largest shareholder, KfW Bankengruppe, which owns a 40% stake. KfW and other financial entities contributed approximately $9 bil to prevent IKB from folding under credit crisis pressure. The sale of IKB may be difficult due to complications in calculating its valuation.

Commercial Banks, Strategy & planning, Acquisitions & mergers, Banking industry, Planning, Economic aspects, Germany, Mergers, acquisitions and divestments, Company acquisition/merger, International aspects, Influence, Company business planning, Subprime loans, IKB Deutsche Industriebank AG, KfW Group

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