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General

Elliott, Vivendi looking to end TIM feud with board reshuffle - report

Thursday 20 June 2019 | 09:31 CET | News
Two of the main shareholders of Telecom Italia (TIM) – France's Vivendi and US fund Elliott – are attempting to find a compromise to end their long-running feud with a board reshuffle, according to unnamed sources cited by Bloomberg. The agreement between the two shareholders will come with a pledge to pursue a common strategy, said the sources, adding that specific details have yet to be finalised and could still change. A similar report in business daily Il Sole 24 Ore suggested the agreement could involve the resignation of TIM chairman Fulvio Conti.

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