Vivendi has successfully concluded an agreement with Poste Italiane for the divestment of a substantial portion of its holding in Telecom Italia (TIM). The agreement involves the sale of 15.00% of TIM’s ordinary shares and voting rights at a price of €0.2975 per share, generating a total consideration of €684 million for Vivendi.
Following regulatory approval from the Italian competition authority, this transaction will solidify Vivendi's reduced presence in TIM. Post-transaction, Vivendi will retain a minority interest, comprising 2.51% of TIM's ordinary shares and voting rights, and 1.80% of its share capital. This marks a significant decrease from Vivendi's previous holding.
Vivendi had previously signaled its intent to sell its TIM shares under favorable market conditions. The company had already reduced its stake, falling below the 20% threshold of TIM’s ordinary shares and voting rights on March 18, 2025, through market sales. Before this latest transaction, Vivendi held 17.51% of TIM's ordinary shares and voting rights, and 12.56% of its share capital as of March 25, 2025.