New round of waltz for the control of TIM’s shareholdingthat after the French of Vivendi, and time still ago the industrial partnership of telephone, He returns completely to Italian hands in his stable nucleus.
Poste Italiane, in fact, after detecting 9.81% of the shares of the TLC group from CDP on 15 February, today formalized the purchase, by the French of Vivendi, of a further 15% of the capital, which leads it to hold almost 25% of TIM titles. The operation took place for a consideration of 684 million, equivalent to 0.29 euros per action approximately, or one of the most economic prices with which the passages of hand took place to hold the former telephone monopolist. Also thanks to the stock exchange trends, the radical transformation of the sector and the splitting of the network from the rest of the group. After the “hard hazelnut” followed by the OPV and criticized by the then premier Massimo D’Alema, and the season of the courageous captains led by Colaninno, with what was called the largest opa of the last century in telecommunications, that of Olivetti on Telecom, now Tim suffers a new transformation, perhaps completing one of the most tormented privatizations. And it does so by seeing a future with an ancient heart, that is, returning to the helm a solid public group. For Vincent Bolloré, however, after the climb attempted and in the end rejected on Mediaset, this is another retreat from the Italian countryside, after the years in which he entered the capital of banks and tricolor companies more easily. The Breton financier now remains at 2.51% of TIM’s ordinary capital, after the sale of 15% today, while Parallely Poste Italiane rises overall over 24%, making it known that it does not intend to increase the participation beyond, not wanting to break the threshold that would make the mandatory opa. The first indiscretions of an interest of Poste Italiane for TIM were transformed more concretely only a few weeks ago, and with a certain speed they have now reached its conclusion: almost a blitz.
The purchase will be financed, explains Poste, by means of available cash, and represents a strategic investment for the company, “made with the aim of playing a long -term industrial shareholder role, which can encourage the creation of synergies between Italian and Tim, as well as bring added value for all stakeholders, as well as promoting the consolidation of the telecommunication market in Italy”. It was known that the negotiation for the provision of services for the access of Postepay (company entirely controlled by Poste Italiane) to TIM mobile network infrastructure starting from 1 January 2026 is in advance. Furthermore, it makes you know, “assessments aimed at the start of industrial partnerships aimed at enhancing the multiple opportunities for the creation of synergies between the two companies in the telephony, ICT and content and content sectors are underway average, financial, insurance services and payments, and finally energy “. In addition to the formalization of the operation, expected within the first semester of 2025, the operation is now suspensively conditioned to the notification to the Antitrust, pursuant to the discipline on the control of concentrations. Technically and more in detail, the acquisition from Vivendi of TIM’s ordinary shares concerned precisely 15% of the total ordinary shares, and 10.77% of the share capital of the telephone group. Once completed, the operation, which has seen Rothschild Faiorss Opinion for Poste Italiane, will see the buyer hold a total participation of 24.81% of ordinary shares, and 17.81% of the share capital.