Rome, 29 Mar. (LaPresse) – Vivendi announced today that it has signed an agreement with Poste Italiane to sell 15% of Tim's ordinary shares and voting rights at a price of €0.2975 per share for a total of €684 million. ‘Upon completion of this transaction, which will occur after notification to the Italian Competition Authority, Vivendi will retain a minority interest representing 2.51% of the Italian telecommunications operator's ordinary shares and voting rights and 1.80% of the share capital,’ the company specified in a note.
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