Share

Stock market: Telecom slips on the day of the board of directors

On the day of the board meeting on the accounts and on the update of the industrial plan, the Telecom share falls on the Stock Exchange, signaling itself as one of the worst in the basket – Marco Fossati, holder of 5% of the company, presented an alternative plan in London.

Stock market: Telecom slips on the day of the board of directors

Negative morning on the Stock Exchange for Telecom, on the day of the board meeting. The stock of the telecommunications company around noon dropped 2,93% in Piazza Affari, at 0,73 euros per share, signaling itself as one of the black shirts of the Ftse Mib list.

In the board meeting to be held today, in addition to the accounts, the updating of the company's business plan will also be discussed. Meanwhile Marco Fossati, who holds a 5% stake in Telecom Italia yesterday in London presented his alternative plan for the group which excludes the sale of Brazilian assets and the capital increase and focuses on a seven-year convertible bond 2 billion euros and on the sale of properties, as well as on the elimination of dividends for one year.

Generali's position is different, which, through the mouth of the CEO Mario Greco, declared that it did not have any plans, but was waiting for the management's proposals to discuss them.

comments