Telecom Italia: sale of 45% holding in IMMSI S.p.A. finalized

11/22/2002 - 00:00 PM

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Telecom Italia S.p.A. announces that the sale of approximately 45% of IMMSI S.p.A’s capital to Omniapartecipazioni S.p.A., was finalized today.

 

As announced on 15 November, the sale price for 99,000,001 shares is 68.3 million euros, corresponding to 69 euro cents per share, with capital gains gross of tax for Telecom Italia of 50.2 million euros.