Telecom Italia shareholders to vote on Vivendi board change request on March 29 - sources
Reuters
Published Jan 14, 2019 13:33
Telecom Italia shareholders to vote on Vivendi board change request on March 29 - sources
ROME/MILAN (Reuters) - Telecom Italia's (MI:TLIT) board has decided by majority to call a shareholder meeting for March 29 to vote on top shareholder Vivendi's (PA:VIV) request to replace five board members, two sources familiar with the matter said.
In December, the French media giant, which owns 24 percent of Telecom Italia , called for the replacement of five of the board members put forward by U.S. activist fund Elliott, citing a "substantial lack of independence".
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Written By: Reuters
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