India's Hinduja considering buying part of Telecom Italia majority stake - eport |
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Published
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Fri, 12 Jan 2007 07:44
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LONDON (AFX) - Hinduja Group, the Indian-owned conglomerate, is considering buying part of a controlling stake in Telecom Italia SpA, the Financial Times reported in an unsourced report on its website.Hinduja is not engaged in direct discussions with Pirelli -- the Italian tyre and real estate group which controls the biggest Telecom Italia shareholder, holding company Olimpia -- but people close to the companies involved said there had been consultations and Hinduja was studying the viability of a deal.Hinduja, whose interest is, for now, preliminary, joins the many groups that have been taking a look at TI, Italy's dominant telecoms operator. Blackstone, the private equity group, said in November that it might be interested in taking a stake.Hinduja, which is privately-owned, would not comment. Pirelli said there had been no contact with the Indian group, the report said.newsdesk@afxnews.comlamCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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