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STOCKS NEWS EUROPE-Finmeccanica up on energy unit sale report

Reuters - UK Focus

Shares of Finmeccanica (Other OTC: FINMF - news) rise on Monday on press-fuelled expectations that the money-losing state-controlled defence company could sell its Ansaldo (Milan: STS.MI - news) Energia unit to state-owned holding company CDP.

At 0910 GMT, shares are up 3 percent at 4.66 euros.

"Asset-sale prospects are pushing up the stock," a trader said.

Finmeccanica's CEO Alessandro Pansa met with representatives from the government to discuss the possibility of a state-backed offer to keep Ansaldo Energia, in which South Korea's Doosan Heavy Industries is seeking a majority stake, under state control, according to an Italian paper.

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A Finmeccanica spokesman would not comment.

Banca Akros on Monday says this outcome would be positive, "because it would give the company the chance to monetize the stake in Ansaldo Energia and exit a non-core business."

Reuters messaging rm://giancarlo.navach.thomsonreuters.com@reuters.net