Retelit may sell majority stake to F2i via reserved capital increase - report (translated)
11 OCT 2017
Retelit [BIT: LIT], the Italian telecom group, could sell a majority stake to Italian infrastructure fund F2i via a reserved capital increase, Italian-language daily Milano Finanza reported.
The unsourced report said that following the transaction, Retelit would be merged with 2i Fiber, F2i's telecom arm.
The report noted that Retelit had turnover of EUR 49.6m, and net profit of EUR 2.9m in 2016.
Retelit has a market cap of EUR 228m.