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Merrill Lynch ups Telecom Italia stake above 5.5%

Friday 4 November 2016 | 10:40 CET | News
Bank of America Merrill Lynch has increased its stake in Telecom Italia (TIM) above 5.5 percent, reports Il Giornale, citing a filing with stock-market operator Consob. The investor had a 5.535 percent stake in Telecom Italia on 24 October, including 1.012 percent in voting rights, a potential stake of 0.732 percent plus around 3.8 percent in long positions. French media conglomerate Vivendi remains the operator's largest shareholder with a stake of around 24.5 percent followed by JP Morgan with around 7.5 percent. French businessman Xavier Niel divested options on 15.1 percent of Telecom

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Categories: Internet
Companies: Iliad / Telecom Italia / TIM / Vivendi
Countries: Italy
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