Abu Dhabi-based Etihad clinched a deal last
month to buy 49 percent of lossmaking Alitalia for 1.76 billion
euros ($2.31 billion), giving it access to Europe's
fourth-largest travel market and 25 million passengers.
"The deal is expected to be notified to the European Commission
this month. It should be conditional phase 1 clearance," said
the person who declined to be named because of the sensitivity
of the matter.
A phase 1 review by the EU antitrust authority lasts 25 working
days, which is extended by 10 additional working days if
companies offer concessions to allay competition concerns.
($1 = 0.7624 Euros)
(Reporting by Foo Yun Chee; Editing by Martin Santa)
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.