| ||||
MILAN, Nov 14 (Reuters) - Following are some of the main Italy-related stories in newspapers over the weekend and on Monday. Reuters has not verified these stories and does not vouch for their accuracy. TELECOMS, TECH -- Telecoms group Ipse, led by Spain's Telefonica <TEF.MC>, likely to sell its high-speed frequencies to TIM <TLIT.MI>, Vodafone <VOD.L> and Wind, and make cash payment to 3 Italia this week. Ipse bought a UMTS licence in 2000 but never set up a network to use it (various on Sunday) -- Hutchison Whampoa <0013.HK> is pushing to list its Italian arm 3 Italia before the end of the year, even if it means accepting a lower valuation (Il Messaggero on Saturday) -- Fastweb <FWB.MI> has retained Deutsche Bank <DBKG.DE> to look at possible options for its future; could be seeking alliance or way for main shareholders to sell stakes (various on Saturday) M&A REPORTS -- Citibank <C.N> is working on a project to float sportscar maker Ferrari next year (The Business on Sunday); Fiat <FIA.MI>, which owns 54 percent of Ferrari, has previously said it would not reduce its stake further but Mediobanca <MDBI.MI>, which owns another chunk, has been looking to sell. -- Local utilities AEM Torino <AET.MI> and AMGA <AMG.MI> of Genoa are close to merger agreement; could tie up before the end of the year (various over weekend) -- Venice airport operator Save <SAVE.MI> still interested in alliance with Aeroporti di Roma despite arrival of new shareholders in company that controls Rome's airports (Il Messaggero on Saturday) -- Emilio Gnutti's Hopa holding company continues shake-up; lookin at selling its stake in water group Sangemini (Corriere della Sera on Sunday) OTHER NEWS -- Valentino <V.MI> plans to expand in United States and emerging economies, focus more on entry-level goods like shoes and bags to raise profits (Il Sole, Letter to the Investor on Sunday) -- Parma prosecutors have opened investigation into banks and bankers involved in Parmalat's <PLT.MI> 2002 meltdown; many of the parties are already involved in other, parallel investigations (Il Sole on Saturday) -- Antitrust looking at improving competition among petrol stations (Il Giornale on Saturday) -- Metalworkers to strike on Dec. 2, train staff on Dec. 12 (various on Saturday) -- Italian electricity prices expected to rise 3 percent and gas prices by 5.5 percent next year (all on Sunday) ((Milan newsroom, +39 02 6612 9507, fax +39 02 801149, milan.newsroom@news.reuters.com)) |
(c) Reuters Limited. Click for Restrictions. |