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General

TI Media savings shareholders request annulment of merger

Wednesday 19 August 2015 | 08:28 CET | News
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Shareholders of Telecom Italia Media have asked for the annulment of the decision to merge the company with Telecom Italia and requested damages totalling EUR 4.4 million. In a statement Telecom Italia said the representative of the shavings shareholders had served a writ requesting the annulment of the 30 April decision to merge Telecom Italia Media into parent company Telecom Italia as well as compensation for presumed financial losses caused to savings shareholders by the operation. The takeover of TI Media, which has been a publicly traded company for over a decade, was due to take place

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Categories: General
Companies: Telecom Italia / Telecom Italia Media
Countries: Italy
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