Italy's CDP to Support Telecom Italia Project -La Repubblica
--Italy's Minister of Economic Development Carlo Calenda tells La Repubblica that state-controlled lender CDP bought a stake in Telecom Italia not to take over control, but to support a project that includes the spinoff of its network business.
--Mr. Calenda says France's Vivendi, Telecom Italia's largest shareholder, has been an "awful" shareholder that destroyed rather than created value.
--CDP said earlier this month that it planned to build up a long-term stake in Telecom Italia of up to 5%. According to market regulator Consob, it now holds a 4.3% stake.
Full article in Italian: https://bit.ly/2EODFhp
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