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Finsiel: Agreement with World Investment Partners SA, for the transfer of Consiel

08/02/2002 - 12:00 PM

Finsiel (Telecom Italia Group) has today initialled an agreement with World Investment Partners SA (WIP) for the sale of 100% of Consiel, a training and management consultancy that focuses on the creation of corporate culture and new ways of working. The sale price is approximately 1 million euros with payment at “closing”.

The operation, which is subject to Antitrust Authority approval, is part of the planned reorganization of the Information Technology Market (ITM) Business Unit of Telecom Italia Group, and confirms its intention to concentrate efforts and skills in industrial activities within the Information Technology sector.

WIP is a Belgian financial holding company with a presence in Italy through its subsidiaries Allaxia S.p.A. and Alterego Communication. The agreement signed today confirms its plan to expand its range of activities to cover strategic consultancy, organization and processes.