BlackRock cuts stake in Telecom Italia to 4.8 pct
MILAN, March 18
MILAN, March 18 (Reuters) - U.S. money manager BlackRock has cut its stake in Italian phone group Telecom Italia to 4.8 percent from 7.79 percent on March 12, a filing with market regulator Consob showed on Tuesday.
The stake makes BlackRock the third largest shareholder in Telecom Italia after Spain's Telefonica and businessman Marco Fossati.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video