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General

Vivendi cuts Telecom Italia stake to 24.68%

Thursday 12 May 2016 | 14:41 CET | News
French media conglomerate Vivendi has reduced its stake in Telecom Italia to 24.68 percent, reports Reuters, citing an SEC filing dated 27 April. The document states that Vivendi sold 30 million ordinary shares on 24 March, cutting its stake in Telecom Italia from the 24.9 percent it held on 11 March. The French company has been careful to keep its holding just under the 25 percent threshold that triggers a mandatory takeover offer under Italian market rules.

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