GEMINA HAS NO COMMENT ON AMBROSIANO REPORT
Holding company <Gemina Spa> said it had
no comment on an Italian press report today that it has
acquired a 12 pct stake in <Nuovo Banco Ambrosiano Spa>.
    Italian daily La Repubblica said that Gemina paid 205
billion lire for the shareholding from several Italian banks. A
Gemina spokeswoman told Reuters, "We have nothing to say about
the report."
    A spokeswoman for Milan-based Ambrosiano said, "We have no
information at this time." In February, Ambrosiano chairman
Giovanni Bazoli said foreign and domestic firms have expressed
interest in buying stakes in the bank.
    REUTER
