Italian publisher Class Editori says won't sell majority stake

ROME (Reuters) - Paolo Panerai, the founder and main shareholder of Italian publisher Class Editori said on Friday he had no intention of selling his majority stake in the company.

A Milan bourse filing on Thursday showed that Italian businessman Francesco Gaetano Caltagirone, who has been investing in the publisher, had accumulated a stake of more than 5%.

Panerai told reporters on the sidelines of an event in Milan on Friday that he saw no risk of a takeover of the company and replied "you must be joking", when asked if he intended to give up control.

(Reporting by Ciancarlo Navach, writing by Gavin Jones)