The event will feature eight exciting races, with Zabeel Mile (Group 2) as a main feature
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It added that the state, following the operation, would have a 30.2 percent stake in the company.
‘The Italian Economy Ministry has informed Finmeccancia of its engagement to apply for 31,249,988 new shares in Finmeccanica for a sum of approximately 250 million euros,’ Finmeccanica said in a statement.
The overall financial target of the capital increase is 1.2 billion euros.
The state, which currenly has 32.4 percent interest in the company, will see its stake reduced to 30.2 percent.
Finmeccanica in May reached an agreement to acquire the US electronics group DRS Technologies for about 5.2 billion dollars.
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