Vivendi Cuts Telecom Italia Stake, Starting Long-Planned Exit
The French conglomerate, controlled by the billionaire Bolloré family, reduced its holding of Telecom Italia ordinary shares to about 18%, according to a late statement Friday. It previously held 24% as of Sept. 30, according to the Italian carrier's website.
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Business Wire
an hour ago
- Business Wire
Number of Shares and Voting Rights of ADOCIA as of July 31 st, 2025
LYON, France--(BUSINESS WIRE)--Regulatory News: Pursuant to the provisions of article L. 233-8 II of the French 'Code de Commerce' and article 223-16 of the General Regulation of the French stock-market authorities (Autorité des Marchés Financiers, or 'AMF'), ADOCIA SA (Paris:ADOC), a French société anonyme (corporation), 115, avenue Lacassagne, 69003 Lyon, (Euronext Paris: FR0011184241 – ADOC) a clinical-stage biopharmaceutical Company focused on the research and development of innovative therapeutic solutions for the treatment of diabetes and obesity, releases its total number of outstanding shares as well as its voting rights as of July 31 st, 2025. (1) The total number of theoretical voting rights is used as the basis for calculating the crossing of shareholding thresholds. In accordance with Article 223-11 of the AMF General Regulation, this number is calculated on the basis of all shares to which voting rights are attached, including shares whose voting rights have been suspended. (2) The total number of exercisable voting rights is calculated without taking into account the shares with suspended voting rights, in this case, shares held by the Company in the context of a liquidity agreement. It is provided for the information of the public, in accordance with the AMF recommendation of July 17, 2007. About Adocia Adocia is a biotechnology company specializing in the discovery and development of therapeutic solutions in the field of metabolic diseases, primarily diabetes and obesity. The Company has a broad portfolio of drug candidates based on four proprietary technology platforms: 1) The BioChaperone ® technology for the development of new generation insulins and products combining different hormones; 2) AdOral ®, an oral peptide delivery technology; 3) AdoShell ®, an immunoprotective biomaterial for cell transplantation, with an initial application in pancreatic cells transplantation; and 4) AdoGel ®, a long-acting drug delivery platform. Adocia holds more than 25 patent families. Based in Lyon, the company has about 80 employees. Adocia is listed on the regulated market of Euronext™ Paris (Euronext: ADOC; ISIN: FR0011184241).
Newsweek
5 hours ago
- Newsweek
Gen Z Woman Leaves LA After 15 Years, Buys 17-Room Italian House for $31K
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A Generation Z Canadian expat has swapped Los Angeles for a medieval Sicilian village after snapping up a €27,000 ($31,000) house with 17 rooms and a castle view. Kiki Leigh, 28, had lived in Los Angeles for nearly 15 years before stumbling across a TikTok video that changed her life. From TikTok Scroll to Italian Castle Views The clip featured Sicily, and its reputation for affordable real estate, and, within a week, Leigh was on a plane to the Italian island. "I bought the property in June 2024 after seeing a TikTok video of cheap homes for sale in Sicily," Leigh told Newsweek. "I booked a trip about a week later and, soon after, I was in Mussomeli looking at homes." Nestled in the heart of Sicily, Mussomeli is a historic village known for its medieval castle and breathtaking countryside views—a far cry from the bustling streets of Los Angeles. From left: A view from Kiki Leigh's Sicilian home; and the poster poses for the camera. From left: A view from Kiki Leigh's Sicilian home; and the poster poses for the camera. @ Renovating a 17-Room Sicilian House The house, which cost Leigh just €27,000, spans 17 rooms. While the structure is sound, the property requires a significant face-lift. Renovations began in March 2025 and are expected to take eight months. "The home needs roughly €140,000 of work," Leigh said. "The house I'm creating is my dream home, so I will be keeping it and living there full time when it's complete this fall." A Tale of Two Housing Markets While the 17-room house needs a lot of work, the price tag is a far cry from real estate prices in North America. Property company Redfin says the median sale price in July 2025 was about $652 per square foot, or roughly €6,200 per square meter. By contrast, data from shows the average asking price across the Sicily in June 2025 was just €1,167 ($1,362) per square meter. Prices range from €682/m² ($796/m²) in Caltanissetta, where Mussomeli is located, to €1,294/m² ($1,510/m²) in Palermo. That means homes in Los Angeles cost about five times more than the Sicilian regional average—and nearly 11 times more than in Mussomeli. From left: The front door is seen from inside the home; and a view from a balcony. From left: The front door is seen from inside the home; and a view from a balcony. @ Foreign Buyers Are Flocking to Sicily Sicily has become a hotspot for international buyers drawn to its cheap homes, warm climate, and rich cultural history. Many towns, including Mussomeli, have run "€1 home" schemes in recent years to combat depopulation, but even traditionally priced properties offer remarkable value compared to North American or Northern European markets. For Leigh, the move is not just about cost savings but also about lifestyle. "This is the house I've always dreamed of," she said. "It's not an investment to flip; it's where I want to live." A New Life in the Mediterranean Once renovations are finished this fall, Leigh will leave behind the high rents and traffic of Los Angeles for a slower-paced life in Sicily, surrounded by history, food, and sunshine. She shared her story on TikTok, showing off the home just four months into renovations with its hundreds of years of history and incredible number of rooms. "It's still not finished, but it's finally starting to feel like a home, not just a wild idea," Leigh said on TikTok. With thousands of followers, she has been sharing her journey on TikTok where she hopes to inspire others, just like she was inspired on TikTok.
Yahoo
5 hours ago
- Yahoo
Developer blames downtown Detroit job losses for building's woes
A large and relatively new upscale apartment complex in downtown Detroit has fallen into receivership, raising questions about the continued strength of downtown's housing market. The seven-story and 288-unit CBD Detroit Apartments, 313 Park Ave. near Grand Circus Park, has been in court-ordered receivership since late June, after the building's owner was said to have defaulted on a $84 million loan. The building opened in late 2020 on the former site of the old Statler Hotel, a once-grand Detroit hotel that closed in 1975 and was razed in 2005. A French American-style restaurant within the building, The Statler, closed earlier this summer, although the closure is only supposed to be temporary while the restaurant's owner explores a new concept. Shop Top Mortgage Rates Personalized rates in minutes A quicker path to financial freedom Your Path to Homeownership The CBD Detroit Apartments building belongs to Midwest developer Jonathan Holtzman, whose firm, Farmington Hills-based City Club Apartments, has been facing financial difficulties. The receivership situation was first reported by Crain's Detroit, which has also chronicled Holtzman's financial travails. A representative for CBD Detroit Apartments' management told the Free Press the building is 81% leased. The building's website shows asking rents at $1,800 per month for available one-bedroom, 720-square-foot apartments and $2,390 per month for larger two-bedroom units. Reached by phone on Monday, Aug. 18, Holtzman attributed the financial problems at CBD Detroit Apartments to softening demand for downtown Detroit apartments in general, a situation that he believes is a result of fewer people working in downtown since the pandemic. Holtzman said that the other large Detroit apartment building he owns, City Club Apartments Lafayette Park at 750 Chene, is in receivership as well. And he knows of two or three other "major new projects" from other developers that also are in receivership, "but I'm not going to name names." "Eighty-one percent (leased) is a devastatingly bad number," he said. 'Apartment buidlings are designed to be 95%.' More: Here's what happened to the $500 Detroit house Holtzman's firm previously owned the 338-unit Renaissance City Club Apartments at 555 Brush St. (now known as The Miller on Brush), and the 351-unit Detroit City Club Apartments at 1431 Washington Blvd. (Now known as Washington Park Apartments) In 2021, his firm proposed building a large apartment complex along Woodward in Detroit's Midtown that was to be anchored by a small-format Target store, although the project did not move forward. Holtzman said that with fewer jobs in downtown, it becomes harder to fill downtown apartments. He estimates that downtown has lost some 15,000 jobs since the pandemic, and noted headcount reductions at Rocket Companies — the city's largest downtown employer — and how General Motors over time has relocated thousands of downtown workers to its Global Technical Center in Warren. Occupancy in many downtown Detroit apartment buildings are now typically in the high 70% or low 80%, he said, which isn't a good sign. "A significant job reduction, significant remote work — these all have created huge vacancies in apartments in Detroit," Holtzman said. "And so apartments like mine, they were all designed and developed based on the trends of the late (2010s). They weren't designed based on what we're experiencing today." Holtzman said he is surprised that downtown's post-pandemic job loss isn't a bigger topic of discussion, especially with the election this year for the next Detroit mayor. While the upswing in new restaurants, bars and entertainment spots downtown is great, he said it isn't enough because many of those patrons are only visiting and go home to the suburbs. 'To have a viable downtown Detroit, you need to employ people," Holtzman said. "We need to fill up the office buildings, we need to fill up the apartment buildings, we need people working Monday through Friday in downtown." He added, "We are going back to the days where the suburbs are vibrant and the city isn't vibrant, and we can't allow that to happen." A representative for the Downtown Detroit Partnership said the most recent residential vacancy rate in downtown was 18.6%, based on data from the CoStar real estate information service. That is an improvement from a 30% vacancy rate late last year, according to the partnership, that resulted in part from several newly opened buildings flooding the market with inventory, such as the 496-unit The Residences at Water Square on the former site of Joe Louis Arena. Still, downtown's vacancy rate was under 10% as recently as 2022, according to past Downtown Detroit Partnership figures. The change in ownership at two of Holtzman's former large downtown apartments properties — Washington Park Apartments and The Miller on Brush — were factors in last year's higher vacancy rate, according to the partnership, although both properties have since begun stabilizing. Wayne County Circuit Court Judge Edward Ewell appointed a receiver for CBD Detroit Apartments on June 30 at the request of a special servicer for the loan that defaulted. The receiver, Frank Simon on Troy-based Simon PLC, did not respond Monday to a request for comment. Holtzman said he thinks the receivership will likely end in a sale of the building. "It's the best apartment community in downtown Detroit. It's the best location in downtown Detroit," he said. "So I think over time, (CBD Detroit Apartments) will have a positive trend. But I don't think the rental rates will reflect what we thought we were going to achieve." Contact JC Reindl: 313-378-5460 or jcreindl@ Follow him on X @jcreindl This article originally appeared on Detroit Free Press: Developer blames downtown Detroit job losses for building's woes Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
