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المشهد العربي
Italian Post takes majority in Telecom Italia
Post Italian Company acquired 66.5% of Telecom Italy in a buyout offer led by the government-backed group, at a total cost of approximately 13.15 billion euros. The offer was met with a response rate of 58.2% from shareholders, after the share price rose to 91.97 euros, with an exchange rate fixed at about 21 cents per share. The agreement reflects the group's intention to strengthen its presence in the Italian telecommunications market as part of a large-scale, financially significant deal.
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