MILAN (Reuters) - Cassa Depositi e Prestiti (CDP) said on Thursday its board had approved an investment in Telecom Italia which would gradually lead the Italian state agency to own up to 5 percent of the country's biggest phone group.
CDP said in a statement the investment had a long term perspective and fell under CDP's mission to support infrastructures deemed strategic for the country and to promote development in a key sector.
(Reporting by Valentina Za)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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