(Corrects to read 9.99 percent, paragraph 2)
MILAN, March 28 (Reuters) - Activist fund Shareholder Value Management has signed an accord with leading investors in Italian telecoms infrastructure group Retelit to elect a new board next month.
The pact represents 24.36 percent of Retelit’s capital after Shareholder Value Management teamed up with Bousval, the single biggest investor with a 14.37 percent stake, and 9.99 percent shareholder Axxon, a document on the company’s website showed.
Shareholders in Retelit will meet to pick a new board on April 27.
Reporting by Maiya Keidan, writing by Valentina Za, editing by Agnieszka Flak