Alitalia shares fell more than 3 percent in their first day of trading since the loss-making airline’s board backed Air France-KLM’s takeover bid, which valued the airline at about half where it currently trades in the market.

The center-left Italian government, which holds a 49.9 percent stake in the carrier, is due to decide by mid-January whether it, too, prefers Air France over tiny rival Air One, which has begun a frantic lobbying campaign to keep Alitalia in Italian hands.

Russian bank VTB has agreed to sell its 5 percent stake in European aerospace company EADS for about $1.43 billion to Russia’s Bank of Development, according to a source close to the Bank of Development board.   The price represents a premium of around 7 percent. Kohlberg Kravis Roberts has proposed to buy South Korean car part maker Mando Corp for $1.3 billion after years of stalled talks, according to the Korea Economic Daily.

Italian merchant bank Mediobanca has agreed to buy most of Linea from two banks in a cash deal that valued the consumer credit business at 405 million euros ($587.5 million). Mediobanca said its Compass unit would buy 96 percent of the business from Banco Popolare and Banca Popolare di Vicenza. Each bank owns 47.96 percent of Linea.