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UK-based group bids for Olivetti PC unit

Martin Veitch ZDNet.co.uk

Published: 08 Jan 1997 12:39 GMT

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Several of this morning's press report that a London-based consortium of investors has had a bid for the loss-making division accepted. The group goes under the name of Centenary Corp. and includes Zanussi chairman Gian Mario Rossignolo among its numbers. Varying reports have the selling price at between £70 million and £100 million.

Olivetti declined to comment on the reports.

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