Poste rises to 27.32% of Tim: Vivendi’s residual share acquired | EUROtoday

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Poste Italiane rises to 27.32% of Tim’s abnormal capital by buying an additional stake from Vivendi. A be aware launched by Poste signifies that, as resolved immediately by the board of administrators, «the acquisition of the residual stake held by Vivendi in Tim consisting of n. 384,099,915 abnormal shares comparable to 2.51% of the whole abnormal shares and 1.80% of Tim’s share capital. The consideration for the acquisition is the same as the closing value of the shares on 10 December 2025, totaling €187 million, and will probably be financed utilizing obtainable money”.

The numbers

Upon completion of the acquisition, Poste Italiane – already a shareholder with 24.81% of the ordinary shares – will have a total stake equal to 27.32% of the Tim ordinary shares, corresponding to 19.61% of the share capital, with the consequent exceeding of the current threshold relevant for the purposes of the regulations on mandatory takeover bids.

The exemption from the takeover bid

In this regard, Poste Italiane declares its intention to make use of the exemption referred to in article 106, paragraph 5, of the Legislative Decree. 58/1998 and article 49, paragraph 1, letter. e), of Consob Regulation no. 11971/1999. Therefore – in accordance with the current regulatory framework – Poste Italiane undertakes to sell to unrelated parties the ordinary shares held in excess of the aforementioned relevant threshold, within 12 months of completion of the purchase, abstaining, in the meantime, from exercising the voting rights relating to such shares. With this operation, the note concludes, Poste Italiane strengthens the strategic investment made in Tim, confirming its objective of playing the role of long-term industrial shareholder, through the creation of synergies and the creation of value for all stakeholders.