Rai Way runs to Piazza Affari: + 5.86% at the end of the session to 5.06 euros
Draghi kicks off the risiko of the towers and the Borsa takes position. The title of Rai Waywhich in the beginning had come to gain more than 9% and had been stopped in the volatility auction, closing up by 5.86% to € 5.06. According to rumors, for the prime minister signed the Dpcm authorizing the parent company Rai to go down under 51% in the ownership structure of the company that controls the broadcasting networks of the public television service.
The rule that established that the control of Rai Way should remain in the hands of Rai had been introduced in 2014 by the Renzi government which blocked the public offer of acquisition and exchange launched by Ei Towers (in the hands of the infrastructure fund F2i at 60% And 40% owned by MediaForEurope) in 2015. After the move by Chigi which therefore allows to unblock the privatization market, but also to raise cash, the hypothesis of a pole of the towers with Ei Towers.
According to what the agency writes MF-Dow Jonesthe creation of the poles of the towers runs along two tracks because on the one hand there would be that relating to signal transmission of broadcasting with RaiWay-Ei Towers, and on the other hand there would be that of telecommunication towers. The Tlc market is also in turmoil recently move by the Ardian fund to Inwitthe tower company into which the assets of Tim and Vodafone have merged, with nearly 23,000 sites managed in Italy.
Ardian has indeed put on the plate 1.3 billion euros to detect the indirect stake held by Tim in the holding Daphne 3, now 51% owned by Tim itself and 49% by Ardian. If the offer is accepted, a Tim would remain a residual share of 10% in Daphne 3 which controls 30.2% of Inwit. Tim’s board has already positively assessed the fund’s proposal and mandated Tim’s CEO, Pietro Labriolato negotiate the deal in the coming months. In fact, by June the closing definitive of the transaction, with all the various Antitrust steps and golden power.
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