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General

Generali still undecided on Telecom Italia exit - CFO

Friday 15 May 2015 | 09:04 CET | News
Italian insurance company Generali has yet to take a decision on whether to sell its 4.3 percent stake in the Telco SpA investor group that controls Telecom Italia via a 22.3 percent holding, according to its chief financial officer Alberto Minali. "We will take the decision when the Telco holding is broken up," he said, adding that "it's premature to say if we will sell or not. The decision will depend on market conditions, the title and our asset allocation." The demerger of the 7-year pact was confirmed in a Telco board meeting held last year, with all three Italian partners in the group

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