UPDATE 1-Piaggio's parent denies selling shares

Newswire

(Adds trader comment on rumoured placement, background) MILAN, Feb 26 (Reuters) - Piaggio's parent company IMMShI denied on Tuesday it was selling a big packet of shares in the Italian scooter maker, rumours of which had sent Piaggio's shares down more than 6 percent. A trader told Reuters a rumour was circulating the market about a placement of 19.5 million shares in Piaggio at 1.95 euros apiece. IMMSI said in a brief statement it had not given any order to sell shares in Piaggio, ...

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