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General

Vivendi wants pre-Christmas board meeting to change TIM directors

Monday 17 December 2018 | 08:47 CET | News
The leading shareholder of Telecom Italia (TIM), France's Vivendi, has officially called for a meeting to change the board at the Italian operator. In a statement, Vivendi said it wants five of TIM's board members put forward by US activist fund Elliott to be replaced on grounds of a "substantial lack of independence" and that a board meeting on the matter should take place before Christmas and not on 17 January as scheduled. The French company also wants to bring forward the shareholders' meeting to be held on 11 April 2019 to January.

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