Vivendi (OTCPK:VIVHY -1.7%) — already the biggest shareholder in Telecom Italia (TI -3.7%) — is making moves toward boosting its stake to about 19%, Reuters has reported, with an eye toward increasing its clout there.
Banks have reportedly arranged derivative deals so that Vivendi can add to holdings. Chairman Vincent Bollore is on record as saying he wants to keep investing in Telecom Italia as part of a southern Europe strategy, and TI CEO Marco Patuano says that's "always fine."
One source says Bollore wants to be kingmaker in any upcoming European consolidation, which might include TI tie-ups with Orange (NYSE:ORAN) or Deutsche Telekom (OTCQX:DTEGY).
Vivendi could claim at least two seats on TI's board, but hasn't done so yet; so far it says it's just a long-term investor. But the investments could keep coming.
via seekingalpha.com
considerato che vivendi è uscita dalle tlc in tutto il mondo, non capisco bene il senso di questa mossa. a meno che non sia una sorta di portage sotto mentite spoglie.
