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Tag: stake
Elliott raises potential TIM stake to 13.7%
2018-04-09 15:43:00| Telecompaper Headlines
(Telecompaper) Activist investor Elliott has increased its stake in Telecom Italia (TIM) to a potential 13.7 percent, according to a SEC filing. Elliott and its affiliate funds hold around 8.8 percent of TIM's ordinary shares, with the investor also owning call options on 750 million ordinary shares, which is equivalent to a further 4.9 percent stake, Reuters reported. The fund has also accumulated 169.5 million saving shares in the operator in the wake of its call for six Vivendi-nominated board members, including TIM chairman and Vivendi CEO Arnaud de Puyfontaine, to be replaced at the company's 24 April AGM.
Tags: potential
tim
raises
stake
HNA Adds $6.5 Billion Hilton Stake to Global Property Selloff
2018-04-06 16:26:21| National Real Estate Investor
HNA paid $6.5 billion in 2017 to acquire from Blackstone Group LP shares of Hilton Worldwide, which had recently spun off two of its businesses.
Tags: property
global
billion
adds
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.
AT&T to raise up to USD 653 mln in IPO of DirecTV LatAm stake
2018-04-05 14:12:00| Telecompaper Headlines
(Telecompaper) AT&T has launched an initial public offering of a stake in Vrio Corp, the holding company for its satellite television service DirecTV Latin America. In a statement, the company said it expects the IPO of 29.7 million class A Vrio shares to raise up to USD 653 million, with the price expected at USD 19 to USD 22 per share.
Italian government to buy 5% stake in TIM
2018-04-05 02:00:00| Total Telecom industry news
Italy's state lender is to purchase a 5 per cent stake in Telecom Italia (TIM), according to a report by Reuters. Three separate sources told Reuters that the move was intended to strengthen the Italian government's influence in a strategically important company…read more on TotalTele.com »
Tags: buy
government
italian
tim
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