Telecom Italia skewed CB allocation for leading shareholders sparking complaint

Telecom Italia prioritised three leading shareholders in allocating its €1.3bn mandatory convertible bond last month, stirring the ire of other investors.

  • By Nina Flitman
  • 09 Dec 2013
Findim Group, owned by Marco Fossati and the third largest shareholder in Telecom Italia, has submitted a complaint that it and other minority shareholders had been discriminated against as part of the allocation of the deal. In response to an enquiry from the Commissione Nazionale per le Società ...

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