Italian real estate company Immobiliare Caltagirone S.p.A. reduced its stake in Italian cement company Cementir-Cementerie del Tirreno SpA, a unit of local cement company Cementir, to below 2.0 per cent, the Italian stock market regulator Consob said on January 24, 2005. The operation was effective as of December 20, 2004, Consob said. Previously Immobiliare Caltagirone held 2.807 per cent in Cementir-Cementerie del Tirreno. Immobiliare Caltagirone and Cementir are units of local construction company Caltagirone.
The chairman of Caltagirone, Francesco Gaetano Caltagirone, decreased on December 28, 2004 his stake in Cementir to 62.434 per cent from the previously held 62.435 per cent, Consob also said.