CVC Capital Partners is reportedly in talks to acquire Vivendi’s share in Telecom Italia, a step that could open the line to a complete takeover of the Italian telecoms company, according to a report by Reuters, citing sources familiar with the matter.
Vivendi, Telecom Italia’s largest shareholder, holds approximately 23.75% of the company, a stake valued at around $1bn, according to LSEG data.
News of the potential deal pushed Telecom Italia’s shares up by more than 6%, reaching 0.2759 euros ($0.2898).
According to earlier reports, CVC may consider a full buyout of Telecom Italia in the future, with the intention of potentially breaking up the business.
