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KKR to look at raising TIM offer to win Vivendi backing - report

Thursday 25 November 2021 | 09:11 CET | News
US investment fund KKR is considering the possibility of raising its opening bid to acquire 100 percent of the shares of Telecom Italia (TIM), according to sources cited by Bloomberg. KKR has offered EUR 0.505 per share, valuing the operator at EUR 10.8 billion, a figure thought to be too low to win over TIM's leading shareholder Vivendi, which acquired its 24 percent stake at an average of EUR 1.03 per share, said the sources.

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
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