MILAN (AFX) - Investment management company Walter Capital Management LLP had trimmed its Alitalia SpA stake to below the 2 pct disclosure limit on Nov 29, from about 7.3 previously, marker regulator Consob said.
On that day, Morgan Stanley placed a 5.5 pct stake in Alitalia at a price of 0.85 eur per share.
The following week, the government announced plans to sell a controlling stake in the airline.
At 3.54 pm, Alitalia shares had lost 2.91 pct to 0.999 eur, while the S&P/Mib index had risen 0.72 pct to 40,773. danilo.masoni@afxnews.com dm/jsa COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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