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Singapore Airlines denies interest in Alitalia stake

13 December 2007

The chaos surrounding the auction of an Italian government stake in Alitalia grew on Thursday, as Singapore Airlines denied it was interested in buying any part of the carrier less than an hour after Alitalia said it had received an offer.

Alitalia said a group consisting of Singapore Airlines, Evergreen Special Situation Fund and THL Transportation Equities Fund wanted to buy the 49.9% stake that’s for sale. The airline said it passed the details onto the Italian government.

source: Market Watch

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