UniCredit ready to sell stakes in RCS, Pirelli |
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Published
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Wed, 17 Oct 2007 08:25
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MILAN (Thomson Financial) - UniCredit SpA CEO Alessandro Profumo said that the bank is ready to sell its 2.2 pct stake in RCS MediaGroup SpA and 1.6 pct stake in Pirelli & C SpA, the daily Il Sole 24 Ore reported.Profumo said that the bank intends to keep the stakes until the shareholder syndicates of the two companies expire. RCS's shareholder pact ends in 2009 and Pirelli's in 2010.However, UniCredit is ready to sell before those dates if members of the syndicates are interested in buying, Profumo said.philip.webster@thomson.compw/slmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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