The American fund KKR, which in November had expressed interest in launching a friendly takeover bid on 100% of the shares Tim at a value of 0,505 euro per share, remains willing to "deepen the dossier" linked to the future of the first Italian telephone company. This is the gist of the fund's response to the letter that Tim's president, Salvatore Rossi, and the new CEO, Pietro Labriola, sent him in recent days, inviting him to better clarify the industrial and financial contents of his project and the methods for financing it .
Opa Kkr: Tim's delisting essential for the American fund
According to reports today The Sun 24 hours, KKR let Tim's top management know still be interested in acquiring amicably not individual pieces of the Italian telephone company but the entire capital. However, believes the delisting of the stock from the Stock Exchange is essential in order to carry out this operation.
KKR also explains, answering the questions in the letter from Rossi and Labriola, that it plans to finance the takeover bid largely with its own means and for the rest in debt. As regards the timing of the operation, the American fund specifies that they will be conditioned by any access to the due diligence, which it considers "the preparatory site for launching the takeover bid".
However, KKR's project is not the only one on the table, even if it is the only one that has manifested itself. In reality, other international funds are looking with interest at the assets of the Italian telephone company.
Green light to the single network from Palazzo Chigi and from Cdp
Yesterday, meanwhile, he took a step forward, at least in intentions, the single network project between Tim and Open Fiber, which he received the support of Palazzo Chigi and Cassa depositi e prestiti. "The single network - declared the prime minister's economic adviser, Francesco Giavazzi - is one of the government's objectives and it will happen". The CDP, which considers the duplication of investments in fiber for ultra-broadband to be absurd and which, as the president Luigi Gorno Tempini had already said, remains more than ever in favor of the marriage between Tim and Open Fiber.
