Cerberus Shows Interest In Troubled Alitalia

10/25/17

U.S. private equity group Cerberus Capital Management has approached Alitalia [CAITLA.UL] with an offer that would allow the carrier to remain independent, the Financial Times reported on Wednesday, citing sources.

Cerberus told Alitalia that it was still interested in buying the airline if it could be comprehensively restructured, the FT said, citing sources. on.ft.com/2yOxFpw

Germany’s Lufthansa (LHAG.DE) and British budget airline easyJet (EZJ.L) were among the seven bidders for Alitalia, in a formal sale process last week. Both Lufthansa and easyJet had said they were only interested in parts of the carrier.

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