Niel rises further in Telecom holds a 15.1% stake – The Republic

Milan – Xavier Niel rises to 15.14% of Telecom Italy. And ‘what emerges from Consob communications: the website of the Commission states that the French announced that it has increased on 27 October, the participation and hold now “a total long position equal to 15.143% of the capital.” Yesterday it was revealed the episode billionaire transalpine in the capital of the former monopolist of TLC: between options for the purchase of securities and derivatives had spoken dlel’11% of Telecom. Niel operates through its indirect subsidiary, Rock Investment.

The news of yesterday made the jump title at the Milan Stock Exchange, which closed in advance of almost nine percentage points; repeated a rally today, with the news of Neil that consolidate the rise of Telecom at the highest since 2008. The new composition of the participation of Niel, we learn from communication to Consob, is composed of a holding potential equal to 10.033% of the capital , with voting rights, arising from the execution of six different contracts “call” option (the option of buying the actual securities in a given period of time), in addition to “other long positions equal to 5.109% of the capital stock vote. “

The entrance of French tycoon feeds speculation around Telecom, the capital of which is already present in the majority (about 20%) the transalpine Vivendi, led by Bolloré. The episode of Niel is not read as a move to support the French presence that already exists, because if you were to lead to an agreement between the Bolloré and Niel, with a 35% stake in his hand and a line of action would require a ‘ Opa society. Vivendi has the same except that there is an agreement, but there are some analysts who see can support each one of the two members strong. By Consob, as usual, is conducting an investigation to check whether it’s market operations within the limits of the rules. Niel is the owner of Iliad, the Internet Service Provider operating in France with Free, as well as social and other adventures in the world of technology and editorial ( Le Monde ).

The new communications Consob also allow you to set the dates for the possible exercise of options by Neil, who will own the securities true only from the second half of next year. In detail, a contract for a 4,889% required by Regulation on 21 June 2016, then other contracts have as windows in January 2017, then again in September, November, March and June. It also has other long positions equal to 5.109% of the share capital with voting rights.

Arguments:

Telecom Italy

Vivendi

TLC companies

Starring:

Xavier Niel