Italy's antitrust authority AGCM has given the green light for the buyout of Italian Beni Stabili by French Fonciere des Regions. Fonciere des Regions signed an agreement with Beni Stabili's chairman Leonardo Del Vecchio in February to take over about 35% of Italy's second-largest real-estate company. The French company said it will launch a mandatory exchange offer for all of Beni Stabili's shares, subject to shareholders' approval, on 1 May 2007.
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