France's Vivendi has cut stake in TIM to under 20%, Italy watchdog confirms - Finance news and analysis from Global Banking & Finance Review

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Finance

France's Vivendi has cut stake in TIM to under 20%, Italy watchdog confirms

Published by Global Banking & Finance Review

Posted on March 24, 2025

1 min read

· Last updated: March 24, 2025

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Vivendi Cuts Stake in Telecom Italia to Under 20%, Watchdog Confirms

ROME (Reuters) - French telecoms group Vivendi has reduced its stake in Telecom Italia (TIM) from 23.9% to 19.3% as of March 18, Italy's market regulator Consob said in a filing on Monday.

Vivendi had announced the disinvestment on Friday, adding that after March 18 it had further reduced its stake in TIM to 18.37%.

(Reporting by Philippe Leroy Beaulieu, editing by Alvise Armellini)

Key Takeaways

Vivendi reduced its stake in TIM from 23.9% to 19.3%.
Further reduction to 18.37% was announced after March 18.
Italy's market regulator Consob confirmed the changes.
Vivendi's disinvestment was initially announced on a Friday.
The reduction reflects strategic financial adjustments.

Frequently Asked Questions

What is the main topic?

The article discusses Vivendi's reduction of its stake in Telecom Italia to below 20%, confirmed by Italy's market regulator.

Why did Vivendi reduce its stake?

Vivendi's reduction in stake is part of its strategic financial adjustments, though specific reasons were not detailed in the article.

Who confirmed the stake reduction?

Italy's market regulator, Consob, confirmed the reduction in Vivendi's stake in Telecom Italia.

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