Lavazza sells Keurig shares, cash for future deals - update

(ANSA) - Turin, February 23 - Coffee giant Lavazza said Monday it had sold its stake in Keurig Green Mountain Inc., worth about $620 million. Lavazza said the money will be used "for important strategic operations". Lavazza had held a 6.6% stake in Keurig as of the middle of the month, according to published reports. Purchase price was about $119.18 per share.