TPG keeps eye on Alitalia as Iberia opens door

(Reuters) - TPG told the Italian government it remains interested in buying Alitalia, but wants the freedom to talk to unions before making a binding offer as suitor Air One has been doing, among other changes to the sale process, people familiar with the situation said.




Meanwhile, the Iberia board agreed to show detailed financial information to TPG with certain conditions after the private equity firm last week set an end-July deadline to receive a response to its 3.60 euros a share offer, which values the carrier at 3.4 billion euros .


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Spain's Iberia says board did not discuss TPG offer

(Reuters) - Iberia had been expected to reject the indicative takeover in the hope that another party would emerge with a higher bid, a source familiar with the situation told Reuters on Wednesday.



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