Home Vivendi increases Telecom Italia stake to 24.9%
 

Keywords :   


Vivendi increases Telecom Italia stake to 24.9%

2016-03-14 08:33:00| Telecompaper Headlines

(Telecompaper) French media conglomerate Vivendi has increased its stake in Telecom Italia to 24.9 percent after acquiring just over 1 percent of the operator's ordinary share capital between 01 and 09 March, according to an SEC filing. In total, Vivendi spent EUR 145.3 million to purchase the shares, said a separate Telecom Italia filing. The French company's holding is now just under the 25 percent threshold that triggers a mandatory takeover offer under Italian market rules. However, unnamed sources cited by Reuters said the company is not expected to acquire any more shares and launch a takeover, at least in the short term.

Tags: italia increases telecom stake

Category:Telecommunications

Latest from this category

All news

»
02.11Subtropical Storm Patty Update Statement
02.11Summary for Subtropical Storm Patty (AT2/AL172024)
02.11Atlantic Tropical Weather Outlook
02.11Eastern North Pacific Tropical Weather Outlook
02.11Weekly Recap: Nippon Paint, AkzoNobel, PPG Top This Weeks Stories
02.11Subtropical Storm Patty Graphics
02.11Subtropical Storm Patty Forecast Discussion Number 1
02.11Subtropical Storm Patty Wind Speed Probabilities Number 1
More »