Telecom Italia rushes to Piazza Affari, driven by expectations for the review of governance and the evolution of the Tim Brasil case. At the end of the morning, the stock gained more than three percentage points, scoring one of the best increases in the Ftse Mib. The value of the shares reached a maximum of 0,791 euros, a level it had not seen for over a year.
According to Il Sole 24 Ore, Telco's Italian shareholders would be in favor of changes to Telecom governance, starting with the strengthening of the discipline on related parties which will be discussed in the board of directors meeting on 16 January.
If the motion passes, it will be up to a committee made up only of independent advisers, with the assistance of its own advisor, to preliminarily evaluate any offer on Brazil. Only in the event of a positive opinion will the proposal be able to arrive on the table of the Telecom Board of Directors.
