Colaninno holding backs wrap-up of Piaggio deal

Newswire

MILAN, July 25 (Reuters) - Italian financier Roberto Colaninno's holding company on Friday cleared the way to finalise the takeover of Piaggio, maker of the Vespa scooters that have buzzed down the country's streets since the 1950s. Colaninno rose to prominence through the shock takeover of Telecom Italia but control of Italy's leading telecom firm has since been wrested away from him. He has been in talks to buy a controlling stake in Piaggio since April. Though Vespa sales have been ...

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