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Italy sets clock ticking on Alitalia bids

The Italian government has today given potential bidders a month to make offers for its stake in flagship airline carrier Alitalia, in a deal that would trigger a full takeover of the struggling group and could amass interest from private equity groups.

Italy's government released a document on the treasury website this morning calling for indications of interest for no less than 30% of the Alitalia group and up to its full holding of 49.9%.

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