Telecom: Niel 11% of equities and derivatives – ANSA.it

The Frenchman Xavier Neil bought 11% of Telecom. The 6% in equities, 5% in derivatives. The title flies to Milan Stock Exchange and earn 4%.

In detail, the French entrepreneur holds call options (right to buy) for a share of 6% Telecom Italy and signed cash-settled derivatives for another 5% stake in the Italian group.

The billionaire Xavier Niel, born in 1967, is the founding shareholder of Free, one of the main groups of telecom and Internet providers across the Alps. It ‘also one of the reference shareholders of the newspaper Le Monde. According to financial sources his arrival in Telecom is linked with that of Vivendi, the media giant transalpine headed by Vincent Bolloré, a former partner at 20% of the Italian group. But in fact, waiting for the arrival of Niel is officially in updates to Consob about major holdings, the French presence in Telecom is now in the order of 31%.

Telecom by Oi yes a long letter, squeezes time for fusion Tim – The Board of Directors of Oi said yes to the proposal by a unanimous vote of Letter One but has asked the company’s Russian Friedman to ensure a capital injection of $ 4 billion instead a figure of ‘up to’ 4 billion of the initial proposal. The board then asked to up the tempo from 9 months to just 60 days to agree with Tim. This was stated by the Globo newspaper according to which Oi and advisor Battalion Pactual will now begin work on a proposal for a merger with Telecom Italy Tim-Oi.

Niel tells Consob, voting rights of 11.2% – Xavier Niel has communicated to CONSOB on October 28 to have a ” total long position in Telecom ” which gives’ voting rights sull’11,209% stake. The reports Consob in updates about major holdings.

” On October 21 a total long position, through the company ‘Rock indirectly controlled investment’ ‘made up’ ‘participation potential equal to 6.100% of the share capital with voting rights arising from the execution of different option contracts “call” (a contract for a 4,888% involving the settlement to 21 June 2016; a contract relating to a 0.606% involving the settlement in five installments between one business day before the three days following the September 21 2017; a contract relating to a 0.606% involving the settlement in five installments between one business day preceding three business days following the Nov. 21, 2017) ” and ” other long positions equal to 5.109% of the share capital with voting rights ”.

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