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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: GlobalData
Provider: GlobalData

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Telecom Italia Media SpA Approves Sale of 100% Stake in La7 Srl to Cairo Communication SpA

Monday, 4 Mar 2013 11:19am EST 

Telecom Italia Media SpA announced that it has approved the sale of 100% stake in La7 Srl to Cairo Communication SpA. The sale of the Company's entire interest in La7 Srl is excluding the 51% interest in MTV Italia Srl. The Board of Directors of Telecom Italia Media SpA resolved to give a mandate to the Chairman to finalize the agreement with Cairo Communication SpA and sign the relevant deed documents. Under the agreement, Telecom Italia Media SpA shall receive a consideration of EUR 1 million. 

Company Quote

-0.07 -1.15%
29 Aug 2014