By  on January 31, 2012

MILAN — Benetton Group may be going private.

The storied Italian firm’s majority shareholder, Edizione Srl, is mulling a delisting of the company’s shares. Benetton shares were suspended on the Milan Stock Exchange on Tuesday after they rose 9.3 percent to 4.05 euros, or $5.32 at current exchange, in midday trading. Benetton, which went public in 1986, denied speculation that its shares had gained following rumors of a merger with Spain’s giant Inditex Group, owner of the Zara brand.

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