Seat Pagine Gialle shareholders back restructuring plan - Reuters

Shareholders in Italy's Seat Pagine Gialle gave the go ahead for a plan aimed at relaunching the heavily indebted Italian yellow pages publisher, allowing creditors to take control of the struggling company, writes Reuters. The company has struggled to manage its debt pile following a buyout in 2003 by private equity companies CVC, Permira and Investitori Associati.

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