Italy sets terms for RaiWay stake sale, TV towers tie-up

Rai Way SpA

24/05/2024 08:24

STRESA, Italy, May 24 (Reuters) - 
    Italy has approved a decree enabling state brodcaster RAI to
sell a stake in its tower unit RaiWay  RWAY.MI , as long as the
disposal is compatible with a tie-up of RaiWay with rival EI
Towers, a government source told Reuters.
    The decree states that RAI, which currently owns 65% of
Milan-listed RaiWay, must keep a stake of at least 30% in its
tower business, a copy of the document seen by Reuters showed.
    Explored for years, a combination between RaiWay and EI
Towers would create a national broadcasting towers champion
worth more than 2 billion euros ($2 billion). ($1 = 0.9244
euros)

 (Reporting by Giuseppe Fonte; Writing by Elvira Pollina;
Editing by Valentina Za)
 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))