TIM completes savings share conversion before Poste bid
Telecom Italia is completing its savings share conversion to simplify its capital structure. The move follows high investor take-up and precedes a takeover bid.
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Telecom Italia is finalizing the conversion of its savings shares into ordinary stock on May 21 to eliminate high remuneration costs. The move follows a 93.5% voluntary acceptance rate and precedes a mandatory conversion phase and subsequent delisting. This simplification addresses a dual-share structure that has complicated the group's finances since its privatization in the late 1990s.
