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General

Vivendi TI stake could fall to 13.9% after share conversion

Monday 9 November 2015 | 08:37 CET | News
French media conglomerate Vivendi, which recently boosted its stake in Telecom Italia to just over 20 percent, could see its holding reduced to 13.9 percent after the operator completes a plan to convert saving shares into ordinary ones, reports Reuters, citing a Vivendi spokesman. Telecom Italia last week announced a proposal to proceed with the voluntary and mandatory conversion of the company's 6 billion saving shares into ordinary stock. However, Vivendi has no saving shares that could be converted into ordinary ones, which would allow the media group to prevent the dilution of its

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