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General

Italian state bank raises TIM stake to 4.26%

Thursday 12 April 2018 | 13:56 CET | News
Italian state lender Cassa Depositi e Prestiti (CDP) had a stake in Telecom Italia (TIM) of 4.262 percent on 10 April, according to a filing with market watchdog Consob. The confirmation comes after CDP's board last week approved a plan to acquire a stake of up to 5 percent in TIM with a view to safeguarding the country's interests in a company regarded as strategic and whose leading shareholder is France's Vivendi, with a stake of just under 24 percent. The CDP is now expected to attend TIM's upcoming AGM to be held on 24 April as well as the subsequent shareholder meeting called for 04 May.

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