Colaninno in talks for Piaggio control-sources

Newswire

MILAN, April 28 (Reuters) - Italian financier Roberto Colaninno is in talks with Deutsche Morgan Grenfell about buying its controlling stake in Piaggio, maker of the iconic Vespa scooter, sources said on Monday. Colaninno, sitting on a substantial pile of cash after a Pirelli-led group wrested control of Telecom Italia from him in 2001, is widely understood to be looking for new opportunities and earlier this year made an abortive bid for control of Fiat . Colaninno recently acquired ...

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