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Fastweb sale speculation intensifies

3 Nov 2005

The share price of Italian broadband provider Fastweb leapt up almost 7% yesterday on the back of fresh speculation that majority shareholders, Chairman Silvio Scaglia and former Deputy Chairman Carlo Micheli, might sell their stakes. Scaglia holds 25% of Fastweb, whilst Micheli controls close to 10%. The stock closed up 6.7% at EUR41.51. Last month, the press reported that Micheli was considering selling his shares, but this was later denied.

Italy, Fastweb

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