Finmeccanica eyes US investments

December 10, 2003 — Italy’s Finmeccanica is pondering selling more than half of its 17.7% stake in STMicroelectronics in order to pursue opportunities in the US.

In an interview with the German daily Handelsblatt, chairman Francesco Guarguaglini said the company could pull back as much as $2.5 billion from its STMicro investment to help finance potential acquisitions in the US, but provided no timeframe for any deals.


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