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Capone re-elected TIM audit chief (2)

Part of battle between stakeholders of telecom group

Redazione Ansa

(ANSA) - Rozzano, April 24 - Roberto Capone was re-elected as the chairman of Telecom Italia's (TIM) board of auditors on Tuesday in a defeat at the general meeting for the company's biggest stakeholder, French group Vivendi.
    The holders of over 58% of TIM's capital voted for Capone to stay on, while 39.29% were against, including Vivendi, which has a 23.94% stake.
    The development is part of a battle between TIM's top two stakeholders that is expected to see a showdown over board appointments at another meeting in 10 days.
    Activist fund Elliott had called for six board members nominated by Vivendi to be replaced.
   

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