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Milan shares close higher, led by Pirelli


Published : Fri, 12 Jan 2007 18:08
By : Agencies
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MILAN (AFX) - Share prices closed higher, supported by the outlook for stable eurozone interest rates up to March, and led by Pirelli on reports that India's Hinduja Group is considering taking a stake in Pirelli's unit Olimpia, which owns 18 pct of Telecom Italia, brokers said.

The Mibtel index was up 0.34 pct to 32,318 points and the S&P/Mib up 0.40 pct to 42,111.

Volume was an estimated 5.272 bln eur.

nigel.tutt@afxnews.com

nt/abr

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