US Fidelity International cuts stake in Buzzi Unicem, Italy

US Fidelity International cuts stake in Buzzi Unicem, Italy
Published: 05 August 2005

US private equity and investment management company Fidelity Investments’ subsidiary Fidelity International Ltd, has reduced its stake in Italian cement maker Buzzi Unicem. Its stake has been reduced to 4.998 pct, Italian stock market regulator Consob said in its regular bulletin on stake changes. Previously, Fidelity International held a stake of 5.042% in the cement maker, Consob added.