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Article: In brief: Italian state sales/Beaufour Ipsen/Industri Kapital.
- Article from:
- Financial News
- Article date:
- May 28, 2002
CopyrightCOPYRIGHT 2002 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Italian government may sell down stakes in Enel, the utility, Telecom Italia and Ente Tabbacchi Italiani, a cigarette maker. Domenico Siniscalco, director general of the Economy Ministry, was in charge of a committee overseeing state sales that will present its proposals to the government, according to Il Sole/24 Ore, a local newspaper. Merrill Lynch and Mediobanca led Enel's initial public offering in November 1999. The Italian government still owns 67% of Enel, which has a market capitalisation of [euro]39.3bn ($36.4bn). Mediobanca and Barclays de Zoete Wedd were global co-ordinators of the flotation of Telecom Italia in November 1997. The state still owns 3.5% of ...
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