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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

 

M&As this week: Parsons Corporation, China Power International Development, State Bank of India

2017-10-13 01:00:00| Power Technology

Parsons Corporation has acquired US-based Williams Electric Company.

Tags: international state power development

 
 

The State Of Systemically Important Things: Dealer Bank And Exchange Wars

2016-04-10 10:05:20| Paper - Topix.net

By asking the SEC for the right to steal an IEX innovation, the NYSE has embarrassed the SEC as well. The New York Times reports the latest twist in saga of the big dealer bank's regulatory game.

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Intel Co. (INTC) Shares Bought by Glenview State Bank Trust DEPT.

2016-03-17 10:30:51| Agriculture - Topix.net

Glenview State Bank Trust DEPT. raised its position in Intel Co. by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC.

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Iowa State Bank Has $7,712,000 Stake in United Parcel Service, Inc.

2016-01-15 16:56:44| Air Courier - Topix.net

Iowa State Bank boosted its stake in shares of United Parcel Service, Inc. by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission . The institutional investor owned 80,145 shares of the company's stock after buying an additional 1,209 shares during the period.

Tags: service inc state united

 

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