Feb 25 • 06:33 UTC 🇮🇹 Italy Il Giornale

Tim, with accounts gift for shareholders. Share buyback arrives

Telecom group Tim is introducing a €400 million share buyback plan and proposing a consolidation of shares to its shareholders.

Telecom group Tim, led by Pietro Labriola, has surprised shareholders by announcing a significant plan involving a €400 million share buyback and a proposal for a share consolidation aimed at reducing stock volatility. Shareholders will vote on April 15 whether to approve the offer of one new share for every ten currently held. This move comes as the group's stock has experienced fluctuating performance, despite a recent upward trend since Poste Italiane's investment.

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