Thursday, September 2, 2010

Technogym Founder Alessandri May Buy Back Stake From Candover, Sole Says

“Technogym SpA founder Nerio Alessandri may buy back the 40 percent stake he sold to Candover Investments two years ago, daily Il Sole 24 Ore reported, without saying where it got the information. Alessandri may be able to buy the stake in the Italian equipment maker before it is sold to a third party according to a clause in the contract signed with Candover, Il Sole reported. Candover halted investments in January and plans to focus on the sale of its remaining assets and return cash to investors after talks to find a buyer for the fund manager broke down.”

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