Assicurazioni Generali keen to sell indirect TI stake

1 Aug 2013

Assicurazioni Generali, Italy’s largest insurance company, has indicated that it intends to offload its indirect investment in Telecom Italia (TI), as soon as market conditions are right. Reuters quotes CEO Mario Greco as commenting: ‘We are not strategic investors in Telecom. We certainly want, in the future, to exit this asset’. According to TeleGeography’s GlobalComms Database, Generali holds a 30.60% stake in holding company Telco, which itself controls 22.39% of TI.

Italy, Telecom Italia (TIM)