The Secondary Offering Of A 35%stake In Galileo International Inc. Was Defined
On 27 May 1999, the price per share was fixed at USD 45.
As part of the foregoing operation, Racom Teledata S.p.A., a subsidiary of Alitalia, resolved to dispose of 1,500,000 shares in Galileo for an overall realisation value - net of commisions - of USD 65.6 million, or 120 billion lire, as opposed to a book value of 17 billion.
Racom Teledata kept a limited residual shareholding in Galileo`s capital (nearly 0.01%).
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