ROME (Reuters) - Paolo Panerai, the founder and main shareholder of Italian publisher Class Editori said on Friday he had no intention of selling his majority stake in the company. A Milan bourse
Class Editori's Founder Confirms No Plans to Sell Majority Stake
ROME (Reuters) - Paolo Panerai, the founder and main shareholder of Italian publisher Class Editori said on Friday he had no intention of selling his majority stake in the company.
A Milan bourse filing on Thursday showed that Italian businessman Francesco Gaetano Caltagirone, who has been investing in the publisher, had accumulated a stake of more than 5%.
Panerai told reporters on the sidelines of an event in Milan on Friday that he saw no risk of a takeover of the company and replied "you must be joking", when asked if he intended to give up control.
(Reporting by Ciancarlo Navach, writing by Gavin Jones)
