Finance
Telecom Italia's main holder of savings shares welcomes conversion terms
Published by Global Banking & Finance Review®
Posted on December 22, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 22, 2025
1 min readLast updated: January 20, 2026
Davide Leone, a major holder of Telecom Italia's savings shares, supports the proposed conversion to ordinary stock, expecting a successful transaction.
MILAN, Dec 22 (Reuters) - Davide Leone, the largest holder of Telecom Italia's (TIM) savings shares, on Monday welcomed the terms of a proposed conversion of this special type of shares into ordinary stock.
"We acknowledge TIM demonstrated a market-friendly approach to the conversion of saving shares," Leone said in a statement.
"We expect the transaction to be successful," he added.
Leone, who runs a London-based investment firm, holds around 13% of TIM's outstanding savings shares.
(Reporting by Valentina Za, editing by Giulia Segreti)
Investors are individuals or entities that allocate capital with the expectation of generating a financial return. They can invest in stocks, bonds, real estate, or other assets.
Capital gain is the profit realized from the sale of an asset, such as stocks or property, when the selling price exceeds the purchase price.
The financial community encompasses individuals, institutions, and organizations involved in the management, investment, and regulation of financial assets and markets.
Telecommunications stocks represent shares in companies that provide communication services, including internet, phone, and cable services, often seen as stable investments.
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