Vivendi Signs an Agreement With Poste Italiane for the Sale of TIM Shares
VIVENDI SE UNSP/ADR (VIVHY)
NASDAQ:AMEX Investor Relations:
vivendi.com/en/investment-analysts
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Source: Business Wire
PARIS--(BUSINESS WIRE)--Regulatory News:Vivendi (Paris:VIV) announced today that it signed an agreement with Poste Italiane for the sale of 15.00% of TIM’s ordinary shares and voting rights at a price of €0.2975 per share for a total consideration of €684 million. Upon completion of this transaction, which will occur shortly after its notification to the Italian competition authority, Vivendi will keep a minority interest representing 2.51% of ordinary shares and voting rights of the Italian telecoms operator, and 1.80% of its share capital.Vivendi indicated on several occasions its intention to sell its shareholding in TIM in good financial conditions. It has crossed downwards the 20% threshold of TIM’s ordinary shares and voting rights on March 18, 2025, re
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