UPDATE 1-Colaninno's IMMSI sees Piaggio deal by July 27

Newswire

(Adds detail) MILAN, June 26 (Reuters) - IMMSI , the holding company of Italian financier Roberto Colaninno, said on Thursday it expected to sign a contract to take over Vespa scooter maker Piaggio group by July 27. IMMSI said in a statement the deal should close before the start of September and it had completed due diligence together with Morgan Grenfell Private Equity, a Deutsche Bank-controlled fund which owns about 86 percent of Piaggio. Piaggio's Vespa scooters came to symbolise ...

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