Telecom Italia shareholder Bollore could increase stake
Vincent Bollore, first shareholder of French media company Vivendi, could further increase stake in listed Italian telecommunication company Telecom Italia, Italian language daily Il Messaggero noted, quoting unnamed sources.
Bollore has planned a trip to Rome over the next few days where he will meet politicians and representatives from different financial institutions, the article noted. Bollore, who has 8.3% of TI voting rights, could further increase his stake to either 10%-12% or 15%-16%.
Bollore is thought to be looking for an Italian entrepreneur to make an alliance, the item reported. This entrepreneur could take a 2%-3% stake in Telecom Italia. Meanwhile, Bollore is likely to ask after the summer break a seat at Telecom Italia's board, the report added.
The original article appeared in print; Page 17
Il Messaggero