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Sovereign Wealth Funds Briefing - Categorized | Investment

Italian state-owned CDP to buy Finmeccanica’s shares in STM

Posted on 18 December 2009

From WSJ: Italy’s public investment fund, Cassa Depositi e Prestiti SpA, or CDP, signed Thursday an agreement to buy Finmeccanica SpA’s (FNC.MI) shares in chipmaker STMicroelectronics NV (STM).

In filing to the Italian stock exchange, the companies said CDP will buy all of Finmeccanica’s 33.77 million STM shares at a price of EU5.10 per share plus earn-out………………………………..Full Article: Source

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