Home Italian state bank confirms intention to buy 5% TIM stake
 

Keywords :   


Italian state bank confirms intention to buy 5% TIM stake

2018-04-06 08:21:00| Telecompaper Headlines

(Telecompaper) Italian state lender Cassa Depositi e Prestiti (CDP) announced that its board approved a plan to acquire a stake of up to 5 percent in Telecom Italia (TIM) at a current market price of around EUR 600 million with a view to safeguarding the country's interests in a company regarded as strategic and whose leading shareholder is France's Vivendi, with a stake of just under 24 percent. "Such an investment falls under CDP's mission of supporting national strategic infrastructures and aims to help ... the company's development path ... in a crucial sector," said the bank, according to Reuters.

Tags: state buy bank italian

Category:Telecommunications

Latest from this category

All news

»
28.03Amorepacific Patents Hair Growth Compositions with Camellia Kaempferol Glycoside
28.03Dry Shampoo That Provides Color Patented by Church & Dwight
28.03FTX's Sam Bankman-Fried sentenced to 25 years
28.03Pork producers donate 35,000 pounds of Dailys bacon to Utah Food Bank
28.03Post-Brexit tax to hit UK car exports to Canada
28.03Webinar series to focus management of beef on dairy crossbreds
28.03Secret papers show Post Office knew case was false
28.03LOccitane Travel Retail Debuts New Bodycare Range From Sol de Janeiro With Paris Pop-Up
More »