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CDP spends EUR 960 mln to increase TIM stake to 8.7%

2019-03-11 10:26:00| Telecompaper Headlines

(Telecompaper) Italian state lender CDP has spent over EUR 960 million to increase its stake in Telecom Italia (TIM) to around 8.7 percent, according to a SEC filing. The state holding now has over 1.32 million TIM shares and is reportedly determined to reach a 10 percent stake ahead of a key shareholder vote on the composition of TIM's board on 29 March. The meeting will see shareholders vote on a request by leading shareholder Vivendi to remove five board members appointed by US activist fund Elliott on grounds of what the French company claims is a "substantial lack of independence".

Tags: to increase eur tim

 

Halewood Wines & Spirits opens Australia business, takes distillery stake

2019-03-05 12:18:00| Daily beverage news and comment - from just-drinks.com

UK-based drinks company Halewood Wines & Spirits has opened a unit in Australia, at the same time making an investment in a distillery in the country.

Tags: business australia takes opens

 
 

Carlsberg takes stake in Chinese craft brewer Jing-A

2019-03-04 11:19:00| Daily beverage news and comment - from just-drinks.com

Carlsberg has acquired a minority stake in a Beijing craft brewery.

Tags: takes chinese craft stake

 

Daimler Buses acquires a 5.25% stake in IVU AG; strategic partnership for integrated mobility

2019-02-28 15:56:57| Green Car Congress

Tags: partnership integrated strategic mobility

 

Diageo moves to spend US$330m on Shui Jing Fang baijiu stake lift

2019-02-28 11:43:00| Daily beverage news and comment - from just-drinks.com

Diageo is looking to grow its holding in China baijiu giant Shui Jing Fang.

Tags: spend moves lift stake

 

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