Minority shareholders in Alitalia may take legal action unless a rescue plan for the troubled airline compensates them through warrants or other measures, the head of a group organising the investors said.
Shares of Alitalia have been suspended since June after the Italian government, which owns the controlling 49.9 percent stake, began a third attempt to sell the near-bankrupt carrier.
A long-awaited rescue plan by adviser Intesa Sanpaolo that could be unveiled next week is expected to propose a bankruptcy filing and splitting off the airline's healthy parts for new investors while leaving everything else in a so-called "bad company".
Alitalia's minority shareholders and bondholders fear they will end up with nothing and want either warrants allowing them to buy shares in a restructured Alitalia at a preset price or have part of the capital hike reserved for them, said Domenico Bacci of the Siti non-profit group.