Poste: CEO Tim Labriola and other senior managers join Opas

Milan, 7 September (LaPresse) – In a statement, TIM announced that “Chief Executive Pietro Labriola and TIM’s senior executives with strategic responsibilities have tendered their shares to the voluntary full takeover and exchange offer launched by Poste Italiane. As previously announced to the market on 18 July, the consideration offered was deemed financially fair by the Group’s Board of Directors, which viewed the rationale and business prospects of the offer favourably. The top management’s acceptance was finalised last week and details of the individual transactions will be made public via internal dealing notifications, in accordance with the applicable regulations.”