Sign up for our newsletter
Technology / AI and automation


Foreign shareholders of Ing C Olivetti & Co SpA are terrified at the prospect of yet another rights issue, and do not support plans to sell off some of its stake Omnitel-Pronto Italia SpA. They would prefer a foreign group to take a strategic stake to help re-finance the troubled loss-making Italian group, Reuter reports. Olivetti shares hit a new record low of 435 lire. Separately, Ing C Olivetti & Co SpA said it was seeking some $65m lire in damages in a suit against former director Renzo Francesconi, who last month publicly questioned the validity of the first half results that were put out on September 3.

White papers from our partners

This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.