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-0.0231788079470198 -0.0231788079470198 -0.0231788079470198 -0.0231788079470198 -0.033112582781457 -0.0397350993377484 -0.0397350993377484 -0.0397350993377484
Stock impact report

Poste Italiane Becomes Main Shareholder In Telecom Italia [Barron's]

VIVENDI SE UNSP/ADR (VIVHY) 
NASDAQ:AMEX Investor Relations: vivendi.com/en/investment-analysts
Company Research Source: Barrons
Poste Italiane agreed to buy a 15-percent stake from French media giant Vivendi for 684 million euros ($740 million), raising its own stake in TIM to almost 25 percent, both companies announced. The move was orchestrated by Italian Prime Minister Giorgia Meloni's government, who wanted to find an Italian alternative to foreign investors circling TIM. Poste Italiane, which is 64-percent owned by the Italian state, said it was a "strategic investment". The post office intended to play the role of "long-term industrial shareholder, generating synergies between Poste Italiane and TIM bringing added value to all stakeholders", it said. In the wake of the deal, Vivendi will retain a residual stake of 2.51 percent of Telecom Italia's ordinary shares and voting rights, the French group said in a separate statement. Telecom Italia's largest shareholder for 10 years, Vivendi announced a week ago that it had reduced its stake in TIM from 23.75 percent to 18.37 percent. Poste Italian Show less Read more
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