Colannino's IMMSI says wraps up Piaggio deal

Newswire

MILAN, Sept 24 (Reuters) - Italian financier Roberto Colaninno's holding company IMMSI said on Wednesday it had wrapped up the takeover of debt-laden scooter manufacturer Piaggio, maker of the iconic Vespa. Colaninno has been in talks with creditor banks since April to buy a controlling stake in Piaggio, whose scooters came to symbolise Italy's "Dolce Vita" lifestyle in the 1950s and 1960s. Morgan Grenfell Private Equity, a Deutsche Bank-controlled fund, had held a 57 percent stake in ...

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