The Limited Times

Now you can see non-English news...

De Puyfontaine towards Tim's resignation from the board

2023-01-16T09:45:51.598Z


The CEO of Vivendi, Arnaud de Puyfontaine, could resign from Tim's board of directors and the step back could take place as early as today, with the online news from Il Sole 24 Ore being confirmed in financial circles. (HANDLE)


(ANSA) - MILAN, JAN 16 - The CEO of Vivendi, Arnaud de Puyfontaine, could resign from Tim's board of directors and the step back could take place as early as today, with the anticipation of Il Sole 24 Ore online finds confirmation in the financial environments .


    The possible resignations, on which there is currently no official confirmation, intersect with Tim's board of directors on Wednesday 18 January and arrive at a delicate moment for the ditlc group, which is waiting to understand what the government's orientation will be on the network, after the stop to the offer of the CDP.


    In recent months Vivendi has not hidden his dissatisfaction with Tim's governance, and in particular with the president Salvatore Rossi, judged not impartial and whom the French would like to replace with Massimo Sarmi, to whom they made room on the board through the resignation of their representative Frank Cadoret.


    But Vivendi is also fighting to try to devalue its investment in Tim, which, due to devaluation, is generating huge losses in the financial statements of the transalpine media company.

The match on the net has so far seen very distant evaluations between the French and Cdp.

And, in the event of Tim's resignation from the board, de Puyfontaine could play the game with freer hands.

(HANDLE).


Source: ansa

All life articles on 2023-01-16

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.