Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Businessweek Archives

... And So Does Italy


International Outlook: GLOBAL WRAPUP

... AND SO DOES ITALY

Despite Italy's political chaos, one of its biggest industrial privatizations may soon take place. On Mar. 3, a consortium of four Italian banks, led by powerful merchant bank Mediobanca, offered to purchase the government's $10 billion majority stake in telecommunications giant STET. In a letter to state holding company IRI, which controls 60% of STET, the consortium offered to pay 70% of the total value of IRI's shares and float a part of those shares in a public tender offer. Prime Minister Lamberto Dini says that he expects STET to be privatized before the end of the summer.EDITED BY CHRISTOPHER POWER


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus