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Billionaire Sawiris Mulls Options for Italy’s Largest Web Firm

  • Internet group ItaliaOnline could be valued near $420 million
  • Company is in talks to sell stake to Netherlands-based Azerion
Naguib Sawiris

Naguib Sawiris

Photographer: Sima Diab/Bloomberg

Egyptian billionaire Naguib Sawiris is exploring options for ItaliaOnline SpA, the Italian Internet services leader controlled by his holding, people familiar with the matter said.

Sawiris’s Orascom is weighing the sale of a minority holding or even a controlling stake in the company, the people said, asking not to be named since the discussions aren’t public.