Mediobanca to sell stakes in Telecom Italia and RCS by June 2015 (translated)
Mediobanca, the listed, Italian investment bank, will sell its stakes in Telecom Italia (TI) and listed, Italian publisher RCS by June 2015, Italian-language daily Il Sole 24 Ore reported, citing Mediobanca CEO, Alberto Nagel.
As previously reported, Mediobanca also plans to sell minority stakes in the tyre manufacturer Pirelli, listed Italian holding group Italmobiliare and Gemina, the listed holding that controls the Italian airport operator Aeroporti di Roma.
A previous report noted that Mediobanca hopes to make EUR 1.5bn from its divestment programme, including the sale of a 3% stake in Generali, the listed Italian insurer.
Source Il Sole 24 Ore