MILAN Nov 4 The top shareholder in Indesit is
looking at alternatives to its investment in the Italian white
goods maker, the company said on Monday, after a report about a
possible partnership prompted a broker's rating upgrade and
lifted its shares.
Indesit said in a statement Chief Executive Marco
Milani was in touch with majority shareholder Fineldo over the
latter's decision to hire an adviser to evaluate alternatives to
its investment in the group.
The board approved on Oct. 16 a three-year business plan
pursuing stand-alone growth but also looked at "another possible
scenario entailing the strengthening of the group in the current
global competitive context," Indesit said.
By 1133 GMT Shares in Indesit were suspended from trading
and indicated up nearly 13 percent.
(Reporting by Valentina Za; editing by Francesca Landini)