Published by Global Banking & Finance Review®
Posted on December 22, 2025
1 min readLast updated: January 20, 2026
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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)
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