The reorganization of Telecom Italia's shareholding structure is ever closer, gaining 10% in Piazza Affari around 3,62 am. In fact, in June the possibility opens up for Telco shareholders to exit the binding agreement within the financial company which, with 22,3% of the capital, is the main shareholder of Telecom Italia.
The president of Generali, Gabriele Galateri, confirmed today that the insurance group will use the June window to exit the shareholders' agreement. The other two financial shareholders, Mediobanca (7,3% of Telco) and Intesa (7,3% of Telco) will most likely do the same. Telefonica, which owns 66% of Telco, should not exercise the option to acquire the entire stake of the other Telco shareholders.
If Telco is liquidated, Telefonica will become the first shareholder of Telecom Italia with 14,4%, followed by Findim (Fossati family) with 5%. The shares of Intesa and Mediobanca will be 1,6%.
Since the beginning of the year, the stock boasts an increase of 13%, against an unchanged performance of the Stoxx European index of the telecommunications sector.
