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Shares in Italy's Moltiply up 7% after report of potential unit sale

Shares in Italy's Moltiply up 7% after report of potential unit sale

- Shares in Italian holding company Moltiply MOL.MI rose 7% on Monday after Reuters reported the company was considering options for one of its two business divisions.

Sources told Reuters on Friday Moltiply was studying alternatives, including a potential partial or full sale, for its financial services outsourcing division, BPO&Tech.

Moltiply, whose other business division focuses on online price comparison, is talking to banks about potential steps involving its BPO&Tech unit, the sources said.

By 0751 GMT shares rose 7% against a flat Milan all-share index .FTITLMS.


(Reporting by Valentina Za, editing by Alvise Armellini)

((valentina.za@thomsonreuters.com; +39 02 6612 9526;))

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