The Boats of Poste and CDP was expected, the exchange of the TIM share can be possible

The Board of Directors of Poste e CDP are expected this afternoon, which could formalize the exchange of the 9.8 share of TIM currently held by the safe of the state investments to the postal service manager. Poste is in turn participated by CDP at 35%. In exchange, Cassa Depositi e Prestiti could have 3.8% of Nexi – specialized in electronic payments – plus an economic adjustment. An exchange that some analysts also read as a Attempt by the Italian executive to curb the appetites on TIM manifested in recent weeks by Iliad, of the magnate Francesce Xavier Niel, and from the British investment fund CVC Capital Partners.

After touching the maximum price in the last year and a half last Monday, yesterday the title of Telecom Italia collapsed by 7.59%, at 0.275 euros, on the Milan stock exchange, with investors who see the prospects of a union move away With a strong foreigner. Poste instead closed at -0.51%. In 2018 CDP had purchased his share of TIM around 80 cents per action. “A possible entry of Poste Italiane in TIM would clearly pause the merger-acquisition project” With Iliad or the British investment fund CVC Capital Partners, support Banca Akros analysts.

The CVC fund would have been interested in a possible purchase of the 23.75% share held by Vivendi, the major shareholder of Telecom Italia. Thursday the Minister of Economy Giancarlo Giorgetti, speaking in the Senate, specified that the subjects “who ask to speak are welcomed” but “but What the Ministry “will always do in any game will be to protect national interest through the allowed tools, the Golden Power precisely”. While the CEO of Tim Pietro Labriola, speaking to the capital market, clarified that he had not had interlocutions with Iliad and Poste. “No, we were too busy closing all the numbers of the plan because it was an essential step for the company,” said the manager. Thursday Bloomberg had hypothesized that Tim had already chosen Unicredit as Adivsor to get help in evaluating the options available.

CGIL expresses its doubts about the corporate future: “The hypothesis of the entry of Poste Italiane into the capital would certainly give better prospects, but it is necessary to know which industrial project would support it. We would not like to be only an intervention to avoid in the short term employment problems, leaving the rebus on the corporate future unsolved”.