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Soccer: Trading of Roma shares suspended Soros reports

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April 29, 2008

ROME—Trading of AS Roma shares on the Milan stock exchange was suspended Tuesday amid reports that American billionaire George Soros has withdrawn his offer to buy the club.

Roma's shares fell as far as 11.73 percent before closing down 9 percent at euro1.071 (US$1.67). Trading is automatically suspended if shares drop or rise beyond a 10-percent limit.

Roma has stated that representatives of Compagnia Italpetroli SpA, which holds a 67-percent stake in the club, have been meeting with "a potentially interested party."

Soros had reportedly offered euro250 million (US$400 million) for Italpetroli's stake, but negotiations have stalled after weeks of dealing, local media reported Tuesday.

A spokesman with Soros Fund Management LLC did not immediately return a phone call.

© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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