UPDATE 1-Potential bidder for Italy's M&C rules out offer


By : * Alessio Nati rules out bid "as things stand"
Date posted :2009-08-18 05:33:00

* To keep buying shares

* Largest shareholder De Benedetti ups holding to 19.64 pct

* Management & Capitali shares down 4.7 percent

(Adds largest stakeholder statement, share price)

MILAN, Aug 18 (Reuters) - One possible buyer for Italian investment company Management & Capitali (MACA.MI) ruled himself out for the time being from a public offer,leaving two bidders in the field, but said on Tuesday he would keep buying shares.


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