Alitalia suitor Cerberus interested in majority stake, willing to act before elections
Private equity firm Cerberus Capital Management is only interested in a majority stake in troubled Italian airline Alitalia, Italian-language daily Il Sole 24 Ore reported.
Earlier this week, Il Corriere della Sera reported Cerberus will put on hold its interest in Alitalia for four months, after Italy's general elections.
Today, Il Sole quoted Jason Ghassemi, chief communications officer of Cerberus, as saying the firm is interested in a majority stake in Alitalia and not a minority holding as previously reported.
He added that the PE firm is willing to act quickly and not wait for the election. The deal will include a significant equity investment in exchange of a controlling stake in the restructured entity.