Monday, April 2, 2007

Italy banks may rival U.S. Olimpia bid-reports

(Reuters) - Such a deal, worth about 4.8 billion euros , would be the first major transatlantic foray into Italy since General Motors bought 20 percent of car maker Fiat in 2000. GM has since sold its stake.

La Repubblica newspaper said Telecom Italia Chief Executive Officer Guido Rossi could work on alternative plans which might include Italian banks buying up to 20 percent of Telecom on the market more cheaply.


Read more at Reuters.com Mergers News

No comments: