Telecom Italia Media: 40% Webfin disposal to Vertico closed

07/09/2004 - 00:00 PM

- + Text size
Print

As announced on June 28th


Telecom Italia Media announces that today it completed the disposal of a 40% equity interest in Webfin SpA, holder of 66% of Matrix, owner of the Virgilio portal. The stake was sold to Vertico SpA, a wholly-owned subsidiary of Telecom Italia already holder of a 33.3% stake in Matrix. The sale was closed at a price of 42.6 million euros, as announced on June 28th.