Italy to participate in Alitalia rescue: statement
ROME (Reuters) - Italy said on Thursday it will join a rescue plan for Alitalia through an investment by the state-owned postal service as long as the company adopts a new strategy and the other shareholders agree to do their part, a government statement said.
"The government sees Alitalia as a strategic asset, but not without conditions: profound revisions to the industrial plan are necessary and a new strategy must be adopted rapidly," the statement said.
The statement underscored synergies between the airline and the postal service in logistics and cargo transport. No financial details were given.
(Reporting by Steve Scherer; Editing by Lisa Jucca)
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