Milan (Reuters) – The Private Equity CVC Capital Partners giant has surveyed the Italian government concerning its project to buy the shares of Vivendi in Telecom Italia (TIM), two sources close to the file told Reuters.
Action Vivendi jumped on the Paris Stock Exchange after the publication of information by Reuters. The title took 5.24% at 1:47 p.m. GMT.
CVC must obtain the support of Rome because the government must approve any investment when the buyer takes more than 3% in the operator Telecom Tim.
The sources interviewed by Reuters declared that CVC representatives were maintained with representatives of the Italian government for a potential agreement, who would see CVC become the largest investor of Tim with a participation of 24%, followed by the Cassa Depositi e Prestiti (CDP), a financial institution of the Italian State.
At this stage, the investment capital fund did not obtain the support of Rome, according to these sources. According to them, discussions are continuing, but it is not certain that they lead to an agreement.
CVC and the office of the president of the Italian council Giorgia Meloni refused to comment. The Italian treasure was not available to comment immediately.
Vivendi did not respond immediately to a request for comment from Reuters.
(Report by Elvira Pollina, with the contribution of Giuseppe Fonte, Florence Lève; edited by Augustin Turpin)
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