Tuesday, 19 June 2007

UPDATE 1-Italy allows U.S. fund into bidding for Alitalia

(Reuters) - The firm was earlier in a consortium with fellow U.S.
private equity firm TPG [TPG.UL], which pulled out of the
auction last month citing difficulties with the conditions
imposed.




The Italian treasury said MatlinPatterson would be allowed
access to Alitalia's books and may present a binding offer for
the airline along with the other two bidders -- smaller Italian
carrier Air One and Russian airline Aeroflot .


Read more at Reuters.com Bonds News

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