Domenica, 23 Settembre 2018
BRUSSELS

Telecom Italia shares rise on investment reports

English
© ANSA

Brussels, September 5 - Telecom Italia Chairman
Franco Bernabe brushed off rumours Thursday of a hunt for new
investors that caused sharp rises in the company's share price,
advising patience until a key board meeting on September 19.
"In Europe at this time, there is great movement in the
field of telecommunications, so it is obvious that in the
newspapers there are many different hypotheses about what could
take place," Bernabe said.
"Everything will be discussed at the Sept. 19 board
meeting," he added.
"I can understand that there is much speculation, but from
my point of view we have nothing to say about this".
According to reports, Telecom is looking for new investors
with some existing shareholders interesting in selling their
stakes in the company.
Quoting unnamed sources, daily newspaper La Republicca
reported Thursday that Egyptian tycoon Naguib Sawiris is among
those who has contacted core Telecom investors possibly
interested in selling their shares in the company.
Trading in Telecom Italia shares was suspended on Thursday
due to excessive gains after the price climbed 10% on the
reports.

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