Strategic decision as to who will control Telecom Italia’s assets to be decided today

So as to protect Telecom Italia, Italy’s state lender, CDP, is likely to purchase a stake in the firm to protect its strategic assets.

 

On Thursday, as per two sources familiar with the matter at hand, CDP, Italy’s state lender, is set to acquire a stake of up to 5% in Telecom Italia.

The move is aimed at protection Italy’s interest in CDO, whose assets are considered strategic and whose top shareholder is France’s Vivendi, with a stake of just under 24%.

CDP is to decide on this matter today.

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