Tessellis Unit Tiscali Seeks Offers for Minority Stakes as Part of Restructuring

• Tessellis unit Tiscali Italia is seeking offers for six minority stakes to maximize proceeds as part of its financial restructuring.
• The holdings include 23% of Invisible Cities; none carries specific governance rights.
• Binding, irrevocable offers are due by 11:59 p.m. on November 16, 2026, with security equal to 1% of the offered consideration.
• Sales remain subject to lender consent, applicable shareholder preemption procedures and no incompatible intervention by the restructuring expert.
• Multiple bids for the same stake will trigger a competitive bidding process.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tessellis S.p.A. published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.