Poste Falls Short of TIM Delisting Threshold
Poste Italiane secured 85.82 percent of Telecom Italia following a revised takeover bid. The take-up missed the 90 percent threshold required to take the company private, leaving its delisting plans uncertain.
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POSTE ITALIANE SPA secured an 85.82% stake in TELECOM ITALIA SPA following a revised takeover bid, falling short of the 90% threshold required to take the company private. The result leaves the state-controlled postal operator short of its core consolidation target. Italy aims to build a national champion in digital infrastructure through the deal.
