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General

Elliott cuts Telecom Italia stake to 0.27% of voting rights

Monday 4 May 2020 | 14:33 CET | News
US investment fund Elliott has again reduced its stake in Telecom Italia (TIM) from 6.97 percent to 5.13 percent, reports Il Sole 24 Ore, citing a filing at market regulator Consob. However, under a swap contract with JP Morgan that expires on 30 May 2023, Elliott currently holds just 0.27 percent of voting rights, with the remaining shares held indirectly, said the report.

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
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