After seven years, Assicurazioni Generali and Mediobanca are reportedly planning to exit their holdings of Italian telco giant Telecom Italia, a move reports say could open doors to new investments in the firm.
Generali is reportedly looking to divest its 19 percent stake in Telco, the investment vehicle that holds a 22.4 percent stake in Telecom Italia. Meanwhile, Mediobanca is reportedly planning to do the same with its 7.3 percent stake in Telco.
Generali confirmed the news, while Mediobanca did not.
Reports say the companies have repeatedly lessened their hold on Telecom Italia amid heightened competition and slow earnings.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI