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OLIVETTI WANG SALE IS EXPECTED

Ing C Olivetti SPA is now close to selling of its Olsy services subsidiary to Wang Laboratories Inc, according to UK press reports. The sale, first mooted last month (CI No 3,238) could be worth as much as $1bn, adding a huge $2.6bn of sales to Wang’s revenues. Olivetti would end up with a 19% stake in Wang, reports suggested.

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CBR Staff Writer

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