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Italy's Delclima says not in talks to buy Riello

Friday, 12 Oct 2012 | 7:05 AM ET

MILAN, Oct 12 (Reuters) - Italy's air conditioning company Delclima denied on Friday it had entered bid talks with Riello, a maker of heating and air conditioning products.

At 1055 GMT shares in Delclima were trading at 0.64 euros, up 3.23 percent, below a peak of 0.679 reached on the back of press reports of a possible deal with Riello.

(Reporting by Francesca Landini)

((francesca.landini@thomsonreuters.com)(+39 02 66129437)(Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))

Keywords: DELCLIMA/