UPDATE 1-Italy backs Finmeccanica plan to sell assets

Newswire

* Govt says sale of transportation activities is essential * Finmeccanica aims to sell assets in shortest time possible * Shares rise more than 2 percent (Adds comments from CEO and analysts, background, share price) By Danilo Masoni MILAN, March 20 (Reuters) - The Italian government led by Matteo Renzi has endorsed plans by state-owned Finmeccanica to sell its rail assets, raising hopes that a deal to help the group focus on its ...

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