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September 23, 1997updated 03 Sep 2016 6:50pm


By CBR Staff Writer

The Italian government has hit a hiccup with its sale of its remaining 45% stake in the Italian Telco Telecom Italia, next month. The government had hoped to place 15% of the company in private placements, to other telcos and investment houses, and has only succeeded in placing 10% of the company, reports the Financial Times. The planned international and national share offerings for the remaining 35% are to be increased in size. The potential partners have apparently been put off by the high price of Telecom Italia shares which have soared since July.

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