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General

Vivendi wants 15-member Telecom Italia board - report

Monday 3 April 2017 | 09:13 CET | News
French media giant Vivendi is pushing for a reduced 15-member Telecom Italia board, which is due for renewal on 04 May, with Vivendi CEO Arnaud de Puyfontaine still the favourite to take over from current chairman Giuseppe Recchi, according to unnamed sources cited by Italia daily La Repubblica. The 15-member board would include five nominated by the French company, five Italians of "high standing", including CEO Flavio Cattaneo, and five belonging to minority lists, probably nominated by Assogestioni. The French company has a 24 percent stake in Telecom Italia valued at around EUR 3 billion

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