Morgan Stanley Cuts Telecom Italia Stake to 3.092%
Morgan Stanley Halves Its Stake in Telecom Italia to 3.092%
According to a filing by Italy's market regulator Consob, Morgan Stanley has reduced its stake in Telecom Italia from 6.264% to 3.092%. This represents a halving of the bank's holding in the Italian telecom company.
Stake Breakdown Details
The Consob filing reveals that as of May 21, Morgan Stanley holds a 3.092% stake in Telecom Italia, of which 2.713% is in voting rights. Previously, the stake stood at 6.264%.
This development is a significant signal for investors tracking Telecom Italia and Morgan Stanley's strategic moves.
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