Vivendi's challenge to Tim's sale of Netco rejected

(ANSA) - ROME, JAN 14 - A Milan court on Tuesday said that it has rejected Vivendi's legal challenge to Tim's sale of the Netco fixed network to US fund KKR, ruling it as "inadmissible".
    French group Vivendi, Tim's leading shareholder with a stake of over 23%, had essentially asked the court of Milan to annul the board of directors' resolution to sell Netco without going through an extraordinary shareholders' meeting.
    Tim said the decision to sell the fixed-line network was a management move that did not change the company's objectives, meaning a vote in an extraordinary shareholders' meeting was not necessary. (ANSA).