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Homeserve to open shop in Italy, eyes buys-paper

MILAN, March 21 (Reuters) - British home insurance group HomeServe Plc is ready to set up offices in Italy and has acquisitions lined up, Il Sole 24 Ore said on Sunday, citing the company's Chief Executive Richard Harpin. "In the next few months we will invest in Italy," Harpin said, adding Milan was the chosen site because of its high market potential. "We are targeting a couple of companies to buy," Harpin said, but would not name names. He said the group will seek to set up joint ventures or agreements with Italian companies operating in the tertiary sector, from utilities to insurance companies to services for families. (Reporting by Stephen Jewkes; Editing by Hans Peters) ((stephen.jewkes@thomsonreuters.com; +39 02 6612 9695; Reuters Messaging: stephen.jewkes@reuters.com@reuters.net) Keywords: HOMESERVE ITALY/ COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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