TIM Group Announces Non-binding Offer From KKR For Stake In Company

RTTNews | vor 1055 Tagen
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 To Invest $750 Mln In London-based Zenobe

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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KKR Boosts Investment In NetSPI With $410 Mln In New Funding

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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Yen Rises Against Majors

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The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
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Europe Car Sales Increase In November

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