MILAN (Reuters) -The world's largest asset manager BlackRock has raised its stake in Telecom Italia (TIM) to 5.1%, a regulatory document seen by Reuters showed on Friday. The document, dating the
BlackRock has crossed 5% threshold in Telecom Italia, filing shows
BlackRock's Investment in Telecom Italia
MILAN (Reuters) -The world's largest asset manager BlackRock has raised its stake in Telecom Italia (TIM) to 5.1%, a regulatory document seen by Reuters showed on Friday.
Details of the Stake Increase
The document, dating the transaction to August 26, indicated that BlackRock previously held a 4.977% aggregate stake in the Italian phone group.
BlackRock's Previous Holdings
Blackrock's updated stake includes 3.585% of voting shares, 1.1% potential holdings and 0.414% of other long positions with cash settlement, the filing showed.
Company Response
BlackRock declined to comment.
(Reporting by Elvira Pollina, editing by Alvise Armellini)


