IMMSI says 79 mln euro cap hike 99 pct subscribed

Newswire

MILAN, Dec 22 (Reuters) - Italian holding company IMMSI said on Wednesday it had successfully concluded a 79.2 million euro ($106 million) capital increase, part of which would help its scooter maker Piaggio buy rival Aprilia. IMMSI, owned by former Telecom Italia raider Roberto Colaninno, said in a statement investors subscribed to 65,327,880 ordinary shares worth a total 78.4 million euros, or 98.98 percent of the shares offered in the capital increase. IMMSI said earlier this year it ...

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