Changi Airport sells stake in Italy's Gemina: Source

MILAN (REUTERS) - Singapore's Changi Airport Group has sold its 8.36 per cent stake in Italy's Gemina at 1.43 euros (S$2.30) per share, a source close to the situation said on Wednesday.

Gemina, the company that owns Rome airport operator ADR, is set to merge with Italian motorway group Atlantia to create one of the biggest European motorway and airport groups with businesses in Italy and Latin America.

Shares in Gemina fell 1.48 per cent on Wednesday to close at 1.471 euros on Milan's stock exchange.