Italy Mediobanca cuts stake in Ciments Francais to 4.98%

Italian investment bank Mediobanca reduced its stake in French cement maker Ciments Francais SA, a subsidiary of Italian cement group Italcementi, to 4.98%. Mediobanca now has 2.93% of voting rights in Ciments Francais. Mediobanca held a 8.42% stake in the French company at the end of 2004, compared to 11.46% held at the end of June 2004. On February 28, 2005, Mediobanca increased its stake to 10.66 pct, or 6.28% of the company’s voting rights.(ANSA)