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Labriola and TIM executives join Poste's public takeover offer

Pietro Labriola and TIM's executives participated in Poste Italiane's offer, which was deemed adequate by the board.

Archive photo: Labriola and TIM executives join Poste's public takeover offer
Archive photoPhoto: Unbekannt · Wikimedia Commons · Public domain

Pietro Labriola and other members of TIM's top management have participated in the Simplified Public Purchase Offer (Opas) promoted by Poste Italiane. This participation concluded last week, according to reports from Rai News.

TIM's Board of Directors considered the offer financially adequate and positively evaluated the strategic rationale for its future development. The decision was communicated to the market earlier.

Archive photo: Labriola and TIM executives join Poste's public takeover offer
Archive photoPhoto: Spudgun67 · Wikimedia Commons · CC BY-SA 4.0

Details regarding the specific shareholdings of the executives will be disclosed through internal dealing communications, as reported by Rai News. In particular, the offer concerns the shares held by management in TIM.

According to a note from Sky TG24, the executives' participation underscores significant support for Poste Italiane's initiative, which aims to acquire TIM's shares.

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