Thursday, June 21, 2007

UPDATE 2-Italy gives extra time for Alitalia bids

(Reuters) - The Treasury said in a statement it had pushed back the
deadline for bids for the loss-making carrier to July 12 from
July 2. Other rules remain unchanged, it said.




The auction for the $1.6 billion airline had narrowed to two
bidders -- a consortium including domestic carrier Air One and
one headed by Russian airline Aeroflot -- before the
MatlinPatterson's return.


Read more at Reuters.com Mergers News

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