Italy's Italcementi to sell stakes in Mediobanca and RCS

Italy's Italcementi to sell stakes in Mediobanca and RCS

Italian cement maker Italcementi SpA has agreed to sell to its controlling company, a 1.4 per cent stake in Mediobanca SpA (MB.MI) and a 2.3 per cent holding in RCS.MI. In a filing to the Italian stock exchange, the company said it is selling those stakes to focus on its core business and strengthen its financial structure. The company added that the sales will generate capital gains of Eur 17.1 mn.
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