Poste Italiane Expands Stake in Telecom Italia with 15% Acquisition from Vivendi
Deal News | Mar 31, 2025 | Finance Community IT - 1 Corporate M&A
Poste Italiane has formalized the acquisition of an additional 15% stake in Telecom Italia from Vivendi, reaching a total of 24.81% of ordinary shares, becoming its largest shareholder. The transaction, worth €684 million, is expected to be completed by the first half of 2025 and is subject to regulatory approvals. Vitale and Rothschild are advising Poste Italiane, with the acquisition being labeled a strategic investment for fostering synergies in telecommunications, financial services, and energy sectors. Poste Italiane aims to act as a long-term industrial shareholder, enhancing stakeholder value and supporting the consolidation of the Italian telecommunications market.
Sectors
- Telecommunications
- Financial Advisory
- Investments
Geography
- Italy – The transaction and the companies involved, such as Poste Italiane and Telecom Italia, are based in Italy.
- France – Vivendi, the selling party, is a French company.
Industry
- Telecommunications – This industry is relevant as the article discusses Poste Italiane's acquisition of a significant stake in Telecom Italia.
- Financial Advisory – This sector is pertinent due to the involvement of advisory firms like Vitale and Rothschild assisting in the transaction.
- Investments – The article focuses on Poste Italiane's strategic investment, marking its importance in this sector.
Financials
- €684 million – The purchase price of the 15% stake in Telecom Italia by Poste Italiane.
- €0.2975 per share – The price per share paid by Poste Italiane for the additional stake in Telecom Italia.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Poste Italiane | Bidding Company | Company | An Italian company acquiring an additional stake in Telecom Italia. |
| Vivendi | Selling Company | Company | A French mass media company selling its stake in Telecom Italia. |
| Telecom Italia (TIM) | Target Company | Company | An Italian telecommunications company whose shares are being acquired. |
| Vitale | Legal Advisor | Company | A firm providing advisory services for Poste Italiane. |
| Rothschild & Co | Financial Advisor | Company | A financial advisory firm providing fairness opinion to Poste Italiane. |