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An Italian court is expected to make a decision this week regarding Vivendi's appeal against Telecom Italia's (TIM) decision to sell its landline grid to KKR, a deal valued at up to 22 billion euros. Vivendi, which owns 24% of TIM, argues that the sale process was improper and should have involved a shareholder vote, claiming the deal undervalues the assets and alters the company's business model. The court's ruling comes after the deal was finalized in July, and Vivendi's stance on its stake in TIM has shifted as it explores potential sales.
Source: YAHOO