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General

Italian state lender CDP ups TIM stake to over 5%

Wednesday 20 February 2019 | 10:13 CET | News
Italian state lender CDP has increased its stake in Telecom Italia (TIM) to over 5 percent for the first time just a week after its board approved the acquisition of more shares. In the past few days, CDP has upped its holding from 4.93 percent to 5.03 percent via stock market acquisitions, reports Il Sole 24 Ore, adding that the lender is prepared to double its stake in the former incumbent to 10 percent depending on the content of the business plan due to be revealed by TIM CEO Luigi Gubitosi later this week.

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