Kirjoittaja Aihe: Italy to discuss KKR's move on TIM after binding bid, minister says  (Luettu 86 kertaa)

Italy to discuss KKR's move on TIM after binding bid, minister says





The Italian government will discuss KKR's proposed takeover on Telecom Italia (TIM) when the US fund makes a binding proposal, Industry Minister Giancarlo Giorgetti said on Wednesday.

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TIM said on Sunday it had received a non-binding €10.8 billion (US$12.10 billion) offer from KKR aimed at taking Italy's biggest phone group private.

Rome has special anti-takeover powers to shield companies deemed of strategic importance from foreign bids.

"It is too early to talk about that," Giorgetti said.


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