Hitachi ups ante in Italy’s Ansaldo by buying more shares

REUTERS/Yuya Shino

Hitachi has bought more shares in Ansaldo STS to take its overall stake in the Italian-based rail signalling group to just under 50 percent as it strengthens its grip in a growing row with minority shareholders.

In a statement on Wednesday the Japanese conglomerate said it had bought a further 6.94 million shares at 10.5 euros each to boost its 46.5 percent stake, adding it could buy more.

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