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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 Boosts Investment In NetSPI With $410 Mln In New Funding
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FTSE 100 Modestly Lower; Bank Stocks Among Notable Losers
The UK stock market's benchmark index FTSE 100 is down in negative territory on Friday, weighed down by losses in the banking sector. After nine successive days of gains, the index looks likely to settle on a weak note today.
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CAC 40 Modestly Lower In Cautious Trade After Inflation Data
The French market is modestly lower on Friday with investors reacting to regional inflation data, and recent earnings updates and central bank policy decisions, in addition to weighing the developments on trade and geopolitical fronts.
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