Reported 26 days ago
Italy's government is advocating for a significant stake swap involving Telecom Italia, where Poste Italiane would acquire a 9.8% stake from the state lender, Cassa Depositi e Prestiti. This move aims to establish a domestic counter to foreign investments from firms like CVC Capital and Iliad. The deal, which is expected to be reviewed by Poste's board soon, reflects Prime Minister Giorgia Meloni's strategy to protect 'national champions' in the telecom sector from foreign control.
Source: YAHOO