Activist investor Elliott Management took two-thirds of the seats on Telecom Italia SpA's (TIT.MI) board of directors after a vote at Friday's annual general meeting.

Out of the 15 board members, 10 will be Elliott appointees, while Vivendi SA (VIV.FR)--the largest shareholder with a 24% stake--will only hold five seats.

This story was translated in whole or in part from an Italian-language version initially published by Milano Finanza-DJ, a partner of Dow Jones & Co.

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

May 04, 2018 09:05 ET (13:05 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Vivendi (PK) (USOTC:VIVHY)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Vivendi (PK) Charts.
Vivendi (PK) (USOTC:VIVHY)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Vivendi (PK) Charts.