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TIM Group Announces Non-binding Offer From KKR For Stake In Company
(RTTNews) - TIM Group (TIAOF.PK, TI) announced Thursday that it has received a non-binding offer from KKR & Co., Inc. (KKR) for the purchase of a stake in a company to be set up that matches with the fixed-line network management and infrastructure perimeter, including FiberCop's assets and activities, as well as the stake in Sparkle, known as Netco.
The offer refers to a stake to be defined, on the understanding that the purchase would result in the loss of vertical integration in relation to TIM.
The Board of Directors will meet today to begin the process of examining the non-binding offer.
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KKR, Hologic Create New Platform Named Maverix Medical Managed By Ajax Health
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KKR To Invest $750 Mln In London-based Zenobe
Global investment firm KKR & Co. Inc. (KKR) announced Thursday it is investing approximately $750 million to scale London-based Zenobe, a market leader in transport electrification and battery storage solutions, to accelerate the global decarbonization of diesel fleets and provide grid services that are critical for the decarbonization of the energy sector.
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Apax Partners To Sell Majority Interest In Boasso Global To KKR For Undisclosed Terms
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KKR Boosts Investment In NetSPI With $410 Mln In New Funding
NetSPI announced Wednesday that global investment firm KKR & Co. (KKR) is increasing its investment in the company with $410 million in new funding. The growth investment validates NetSPI's significant outperformance since KKR's initial investment in May 2021.
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Australia Rate Decision On Tap For Tuesday
The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 3.60 percent.
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Canadian Stocks Turning In Mixed Performance; TSX Down Marginally
Canadian stocks are turning in a mixed performance on Monday, with investors reacting earnings announcements and economic updates, in addition to weighing the recent trade talks between top Canadian and U.S. officials.
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