TechCulture TIM said KKR had set an indicative price of 0.505 euros for its possible buyout offer – a 45.7% premium to the ordinary shares’ closing price on Friday.
CARVE OUT.Gubitosi brought KKR onboard last year in a 1.8 billion euro deal that handed the New York-based fund a 37.5% stake in FiberCop, the unit holding TIM’s last-mile network connecting street cabinets to people’s homes.
Private equity firms CVC and Advent have also studied possible plans for TIM, working with former TIM CEO Marco Patuano, now a senior adviser to Nomura in Italy.
Read the full story here
