Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Vivendi does not see CDP's entry in Telecom Italia as hostile: source

MILAN (Reuters) - Telecom Italia's (TIM) top shareholder Vivendi does not see a potential entry by Italian state lender CDP into the Italian phone company as a hostile move, a source close to the matter said on Thursday.

The French media group, which has built a stake of 24 percent in TIM, welcomes any shareholder as long as they add value to the company, the person added.

Other sources said earlier that CDP was set to buy a stake of up to 5 percent in TIM in a move intended to safeguard Rome's interest in a company seen as strategic.

(Reporting by Agnieszka Flak, editing by Paola Arosio)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.