Telecom Italia TIM in red after the announcement of the change at the top

Telecom Italia TIM in red after the announcement of the change at the top
Telecom Italia TIM in red after the announcement of the change at the top

In red, Telecom Italia TIM, which at 16:14 recorded a drop of 3.04% to 0.4659 euros. On the day, the stock fluctuated between a high of 0.4827 and a low of 0.4573.

Friday was announced the change at the top, with Luigi Gubitosi leaving the chair of CEO to Pietro Labriola. At the same time, the board announced that it had set up, in relation to the indicative and non-binding expression of interest received by KKR on November 19, 2021, a committee for the evaluation of each strategic option in the interest of the company, which will promptly start all activities preliminary investigations for the analysis of the content of the non-binding event. According to the note from the same company, “the activities and investigations will be conducted according to best practices in order to allow the board to fully assess the scope, content, conditions and consequences of the non-binding event”.

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Telecom Italia TIM red announcement change top

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