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General

Generali sells 4% stake in Telecom Italia

Monday 29 June 2015 | 08:50 CET | News
Italian insurance group Generali has reduced its stake in Telecom Italia to 0.076 percent from 4.307 percent, according to a filing with market regulator Consob. The insurer sold its stake on 22 June, the same day French media conglomerate Vivendi acquired 6.66 percent in the Italian operator. However, Generali did not sell its stake to Vivendi, according to unnamed sources cited by Reuters. The French group now has a 14.9 percent stake in Telecom Italia, having received 8.24 percent of the company from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT, which closed

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