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General

Tiscali shareholders approve new board, share issue

Wednesday 17 February 2016 | 09:17 CET | News
Italian operator Tiscali announced that its shareholders approved the composition of the new board of directors at a 16 February meeting called after the company completed its merger with WiMax provider Aria Italia. Tiscali founder Renato Soru is the new executive chairman of the merged entity, with former Aria CEO Riccardo Ruggiero taking over as CEO of Tiscali and Alexander Okun as deputy chairman. The shareholders also approved the proposal to issue up 250 million new shares to Rigensis Bank to satisfy a claim at Aria worth EUR 15 million, as well as up to 295.2 million shares for a stock

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Categories: General
Companies: Aria / Tiscali
Countries: Italy
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