Sunday, April 1, 2007

UPDATE 1-Pirelli says AT&T, America Movil offer for Olimpia

(Reuters) - In statements issued on Sunday, the American firms and Italian company Pirelli -- which holds 80 percent of Olimpia -- said there would be exclusive negotiations until April 30.

Olimpia controls Telecom Italia, Europe's fifth largest telecoms company, with an 18 percent stake. The other partner in Olimpia is Sintonia, owned by the Benetton family.


Read more at Reuters.com Mergers News

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