Benettons to sell up to 16.6 pct stake in Sintonia to Singapore fund- report

Hemscott
11 Mar 2008

MILAN (Thomson Financial) - The Benetton family has reached an agreement to sell a stake of up to 16.6 pct in its Sintonia SA holding company to the Government of Singapore Investment Corp (GIC) for about 1 bln eur, a move aimed at financing business opportunities in East Asia, daily La Stampa said without citing sources.

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