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Top related persons:
Yara - 1 Giorgia - 1 Arnaud de Puyfontaine - 1 Giancarlo Giorgetti - 1 Elvira Pollina - 1 Giuseppe Fonte - 1 Alvise Armellini - 1 Alexander Smith - 1
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Search resuls for: "Arnaud de Puyfontaine"


6 mentions found


☆ Italy, KKR to ask for more time for Telecom Italia grid bid -sources
  + stars: | 2023-09-20 | by ( Elvira Pollina Giuseppe Fonte | Elvira Pollina | Giuseppe Fonte | ) www.reuters.com   time to read: +2 min
REUTERS/Yara Nardi/File Photo Acquire Licensing RightsMILAN, Sept 20 (Reuters) - U.S. fund KKR and Italy's Treasury are set to ask Telecom Italia (TIM) for more time to arrange a joint bid for its landline grid, three sources close to the matter said. KKR (KKR.N) last month won the backing of Prime Minister Giorgia Meloni's government, which authorised the Treasury to join its bid for an asset deemed of strategic national interest. The U.S. fund's preliminary bid valued the business -- dubbed NetCo -- at around 23 billion euros ($25 billion) including debt and taking into account a number of variables. The French group, which owns 24% of TIM, has so far shown little appetite for a deal under KKR's terms. The Treasury is evaluating the request, one of these people said, without adding further details.
Persons: Yara, Giorgia, Arnaud de Puyfontaine, Giancarlo Giorgetti, Elvira Pollina, Giuseppe Fonte, Alvise Armellini, Alexander Smith Organizations: REUTERS, KKR, Italy's Treasury, Telecom Italia, Treasury, TIM, NetCo, Reuters, Vivendi, Thomson Locations: Rome, Italy, U.S
☆ Telecom Italia urged to call board meeting to name Vivendi candidate - sources
  + stars: | 2023-05-20 | by ( ) www.reuters.com   time to read: +2 min
MILAN, May 20 (Reuters) - Telecom Italia (TIM) (TLIT.MI) is being urged by some directors to hold an extraordinary board meeting to name a candidate sponsored by top investor Vivendi (VIV.PA) to fill a vacant director seat at the former phone monopoly, two sources said on Saturday. One of the sources said Telecom Italia's nomination committee will start a review of Carta's candidacy on Monday, adding no board meeting has yet been called. The board seat has been vacant since January when Vivendi Chief Executive Arnaud de Puyfontaine quit the board asking for a new governance set-up. In their latest bids, KKR and the rival consortium offered 21 billion euros ($23.12 billion) and 19 billion euros, respectively, for the asset, source have previously said, some 10 billion euros below Vivendi's price tag to back a deal. TIM directors are expected to discuss the bids at an ordinary board meeting due on June 22.
☆ Telecom Italia urged to call board meeting to name Vivendi candidate
  + stars: | 2023-05-20 | by ( ) www.reuters.com   time to read: +2 min
MILAN, May 20 (Reuters) - Telecom Italia (TIM) (TLIT.MI) is being urged by some directors to hold an extraordinary board meeting to name a candidate sponsored by top investor Vivendi (VIV.PA) to fill a vacant director seat at the former phone monopoly, two sources said on Saturday. One of the sources said Telecom Italia's nomination committee will start a review of Carta's candidacy on Monday, adding no board meeting has yet been called. The board seat has been vacant since January when Vivendi Chief Executive Arnaud de Puyfontaine quit the board asking for a new governance set-up. In their latest bids, KKR and the rival consortium offered 21 billion euros ($23.12 billion) and 19 billion euros, respectively, for the asset, source have previously said, some 10 billion euros below Vivendi's price tag to back a deal. TIM directors are expected to discuss the bids at an ordinary board meeting due on June 22.
☆ Bolloré Jr. readies Vivendi for asset purge
  + stars: | 2023-03-09 | by ( ) www.reuters.com   time to read: +2 min
But the markdown gives Yannick more latitude to end his father’s ill-fated Italian foray while continuing to play hardball to raise the price tag. Here again, the move will give Bolloré junior more freedom to consider offers from potential buyers, which the European Commission will have to approve. At 70, the elder Bolloré, who remains in charge of the family holding that owns a 30% stake in Vivendi, is gradually implementing his succession plan. At 9.8 euros, Vivendi’s stock fails to capture the value of its various investments and trades below an analysts’ target of between 12 to 15 euros. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Italy wants to bring TIM's Sparkle unit into state hands, sources say
  + stars: | 2022-12-15 | by ( Giuseppe Fonte Elvira Pollina | Giuseppe Fonte | Elvira Pollina | ) www.reuters.com   time to read: +3 min
SummarySummary Companies Government met TIM's key shareholders CDP, Vivendi on ThursdayWants to spin off Sparkle, put it under state controlSparkle manages fibre cables that stretch over 500,000 kmROME, Dec 15 (Reuters) - Italy's government wants to bring Telecom Italia's (TLIT.MI) (TIM) submarine cable unit Sparkle into state hands, three sources close to the matter told Reuters. The plan emerged after the government on Thursday started talks with leading TIM investors Vivendi (VIV.PA) and state lender Cassa Depositi e Prestiti (CDP) to identify "the best market-friendly options" for the phone group. Prime Minister Giorgia Meloni's administration aims to secure control of TIM's landline grid, an asset deemed of strategic importance, to create a wholesale-only broadband player. But the sources added that Rome also wants a spin-off of Sparkle, given the sensitivity of the data it carries, in order to put the unit into state hands. The sources said there would at least be three more government-sponsored meetings with TIM's stakeholders, with one scheduled for Dec. 20.
☆ Vivendi representative Frank Cadoret resigns from Telecom Italia's board
  + stars: | 2022-11-16 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Telecom Italia (TIM) logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/IllustrationROME, Nov 16 (Reuters) - Telecom Italia (TLIT.MI) (TIM) said on Wednesday that Frank Cadoret, one of two board members representing top investor Vivendi (VIV.PA), resigned from the post. Vivendi has clashed with Rossi, a former Bank of Italy official, over corporate governance issues on a number of occasions. The other Vivendi representative on TIM's board is the French media conglomerate's chief executive, Arnaud de Puyfontaine. Reporting by Alvise Armellini and Elvira Pollina, editing by Gianluca Semeraro and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
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