Vivendi reportedly planning to raise stake in Telecom Italia
French media company Vivendi is reportedly planning to increase its stake in Telecom Italia to between 10% and 15%.
CAC 40
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17:00 23/04/24
0.81%
65.42
DJ EURO STOXX 50
5,008.17
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Telecom Italia
€0.23
13:40 24/03/23
2.98%
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Vivendi
€10.02
16:40 23/04/24
0.70%
€0.07
Sources told Reuters that Vivendi is expected to begin buying additional shares in the coming weeks, following the dissolution of the Telco investment vehicle that holds 22.4% of Telecom Italia on behalf of Telefonica and three Italian financial institutions.
The proposal is still being discusses internally and would need to be ratified by the Vivendi board.
The move would see Vivendi become the largest shareholder in Telecom Italia.