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A report in London's Financial Times said that the chief executive of Olivetti has pulled together a fresh set of investment. Robert Colaninno, who took over operations at Olivetti after convicted fraudster Carlo de Benedetti stepped down last year, has persuaded Luxembourg company Bell had taken an eight per cent stake in the company. Bell has Colaninno, Italian banks, Chase Manhattan and a number of Italian businessmen as shareholders. But Olivetti has denied that the move is any way hostile to German major Mannesmann, which has a two per cent share in the company. ® Click here for more stories

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