A high voltage river board. This is the expectation of insiders on the eve of the Telecom Italia board meeting, which begins today at 13pm at the company's headquarters in Piazza Affari. There are many points under discussion, including the nine-month accounts, the industrial plan and governance, but the most burning issues on which the greatest unknowns weigh, report the well-informed, regarding the sale of Argentina and the strengthening of the structure patrimonial. Yesterday rumors reported that Telefonica, a shareholder of Telco with 66%, would be ready to inject liquidity into Telecom of two billion euros, probably through a convertible (the Spanish group has just sold the Czechoslovakian subsidiary for 2,5 billion approximately euros).
Meanwhile Marco Fossati, shareholder of Telecom with 5%, is working on a single list for the Telecom Italia board which aims to gather the consent of foreign institutional investors. This is the objective of the entrepreneur, owner of 5% of Telecom Italia through Findim, who yesterday met in London with about thirty analysts to illustrate options for 'creating value for all shareholders' (this is the title of the presentation submitted to the community "I'm trying to promote a public company - he said - to be able to do so you need to change the board with the four and then to the minorities and then change the statute". is to arrive at defining a single list that finds the support of Assogestioni and which also collects any proposals from foreign funds, but the intention is not to collect proxies. In this sense, Fossati is in contact with Consob to avoid formulating a proposed list that is configured as "control".
