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General

Vivendi buys more TIM shares to increase stake to 23.15%

Wednesday 23 November 2016 | 10:44 CET | News
French media conglomerate Vivendi has announced the purchase of further ordinary shares in Telecom Italia (TIM) following the dilution of its 24.68 percent stake in the Italian operator to 21.91 percent. The move comes after Telecom Italia earlier this month announced the conversion of a EUR 1.3 billion guaranteed subordinated mandatory convertible bond into 1.7 billion newly-issued ordinary shares. Vivendi remains the operator's largest shareholder with a stake of 23.15 percent.

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: France / Italy
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