Italy's Amber fund won't take
part in Hitachi's bid for transportation company Ansaldo STS,
not even after bourse regulator Consob ordered the price to be
raised, the fund said Friday. "We are convinced that Ansaldo is
worth a lot more than what's on offer, thanks to the synergies
that can be extracted from collaboration with Hitachi," a source
told ANSA. Amber, which reportedly has 2.3% of Ansaldo STS, is
weighing whether to appeal to a regional administrative court
(TAR) against Consob.
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