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General

Tiscali founder reduces stake to 10.5% after Aria merger

Friday 8 January 2016 | 10:18 CET | News
Tiscali's executive chairman and founder Renato Soru has reduced his stake in the Italian operator from 17.79 percent to 10.48 percent, according to a filing with markets regulator Consob dated 28 December. The operator last month confirmed the completion of its merger with WiMax operator Aria and has called a shareholders meeting for 16 February 2016 to appoint a new board. Following the merger, Aria's shareholders Otkrilie Disciplined Equity Fund and Camphill Assets Limited each have stakes of 22.48 percent and 18.34 percent respectively in the combined entity.

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Categories: General
Companies: Aria / Tiscali
Countries: Italy
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