Terra Firma in line for Alitalia

Buyout firms Terra Firma, Cerberus and Texas Pacific Group are among 11 potential bidders to have submitted expressions of interest in acquiring troubled Italian airline Alitalia.

Other bidders include UniCredit, the Italian bank, MatlinPatterson, a US private equity and distressed debt investor, and Carlo Toto, the owner of Italy's second largest airline, Air One.

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