Poste Italiane completed the acquisition of an additional 2.51% stake in Telecom Italia from Vivendi for €187m.

Poste Italiane, a service distribution network in Italy, completed the acquisition of an additional 2.51% stake in Telecom Italia, an Italian telecommunications company, from Vivendi, a media and entertainment group, for €187m. Following the acquisition, Poste Italiane – already owning 24.81% of TIM’s ordinary shares – will increase its stake to 27.32% of ordinary shares, equivalent to 19.61% of TIM’s total share capital, thus exceeding the current threshold that triggers the mandatory tender offer obbligation.