Vivendi Sells Stake in TIM to Poste Italiane

Vivendi has announced the sale of 15% of its ordinary shares and voting rights in Telecom Italia (TIM) to Poste Italiane for €684 million, pricing shares at €0.2975 each. This agreement follows Vivendi's prior declaration of its intent to divest its holdings in TIM under favorable financial conditions. Post-transaction, Vivendi retains a 2.51% minority interest in ordinary shares and voting rights, alongside 1.80% of TIM's share capital.

Previously, Vivendi crossed below the 20% threshold in TIM holdings as of March 18, 2025, due to market sales. At the market close on March 25, 2025, Vivendi held 17.51% of TIM's ordinary shares and voting rights, equating to 12.56% of the share capital. The transaction will be finalized following notification to Italian competition authorities.