Tuesday, June 19, 2007

Italy allows U.S. fund into Alitalia bidding again

(Reuters) - The Italian treasury, which has so far said that no new entrants would be allowed into the auction, said the firm could present a binding offer alongside the other bidders -- smaller Italian carrier Air One and Russian airline Aeroflot .




MatlinPatterson was earlier in a consortium with fellow U.S. private equity shop TPG , which withdrew from the auction last month citing difficulties with the conditions imposed by the Italian government.


Read more at Reuters.com Business News

No comments: