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EU regulators to investigate 400 million Italian state loan to Alitalia

Reuters
·1-min read

BRUSSELS (Reuters) - EU competition enforcers opened on Friday an investigation spurred by complaints over a 400-million-euro (335 million pounds) loan due to be granted by Italy to its struggling carrier Alitalia.

The new loan comes on top of a 900-million-euro bridge loan given by Rome to Alitalia in 2017 and which is also under EU investigation.

The European Commission, the bloc's competition watchdog, said the investigation will provide clarity to Italy, the company and interested buyers on whether the latest loan complies with European state aid rules.

(Reporting by Foo Yun Chee, Editing by Gabriela Baczynska)