Italy's CDP to Support Telecom Italia Project -La Repubblica
April 16 2018 - 7:31AM
Dow Jones News
--Italy's Minister of Economic Development Carlo Calenda tells
La Repubblica that state-controlled lender CDP bought a stake in
Telecom Italia not to take over control, but to support a project
that includes the spinoff of its network business.
--Mr. Calenda says France's Vivendi, Telecom Italia's largest
shareholder, has been an "awful" shareholder that destroyed rather
than created value.
--CDP said earlier this month that it planned to build up a
long-term stake in Telecom Italia of up to 5%. According to market
regulator Consob, it now holds a 4.3% stake.
Full article in Italian: https://bit.ly/2EODFhp
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
April 16, 2018 07:16 ET (11:16 GMT)
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