Five potential bidders, among them the holding company led by the chairman of rival AirOne airline, have made the cut in the evaluation for a possible buyer for Alitalia SPA, Italy's Economy Ministry said.
The ministry, which is the biggest shareholder with a 49.9 per cent share of Alitalia, said the five have until mid-April to present non-binding offers.
Others that will be considered are Texas Pacific Group; Italian banking group UniCredit SPA; Carlo De Benedetti's private equity fund Management Capital, Cerberus European Investments LLC, ELQ Investors Ltd. and Lefinalc SPA; and MatlinPatterson Global Advisers.
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