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General

Vivendi ups Telecom Italia stake to 21.39%

Monday 18 January 2016 | 09:25 CET | News
French media conglomerate Vivendi has increased its stake in Telecom Italia to 21.39 percent, having acquired 0.86 percent of the operator's ordinary share capital between 16 and 30 December, according to filings submitted to Italian markets regulator Consob. In total, Vivendi acquired 116 Telecom Italia shares for EUR 134.19 million. In an unsourced report, Italian business daily Il Sole 24 Ore added that Vivendi planned to gradually increase its stake in Telecom Italia to 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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