TIM discusses non-binding acquisition proposal from KKR
TIM Group has announced that it is discussing with Kohlberg Kravis Roberts & Co. L.P. (KKR) in order to obtain information regarding the attractiveness, actuality, and deliverability of the non-binding and indicative expression of interest sent on November 17, 2021. The non-binding takeover proposal is estimated at EUR10.8 billion (US$12 billion).
TIM has also received a non-binding proposal from CVC for the purchase of a minority stake in a newco, to be set up in the event of completion of the transaction, which would include the activities of TIM's Enterprise division in addition to those of Noovle, Olivetti, Telsy and Trust Technologies.
Country updates
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March 22, 2022
KKR expresses interest to acquire TIM group
Kohlberg Kravis Roberts & Co. L.P. (KKR) has submitted an indicative and non-binding Expression of Interest for the acquisition of TIM group in Italy. TIM is an ICT group operating in It...
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March 22, 2022
Tender launched for Fontanarossa international airport PPP project in Catania
Società Aeroporto Catania in Italy has launched a tender notice seeking a private partner for the maintenance of the Fontanarossa airport civil works. The concession involves extraordinar...
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March 09, 2022
Tender launched for Real Estate Smart facility PPP project in Brescia
The Province of Brescia has launched a tender seeking a private partner for the development of the Real Estate Smart facility PPP project in Italy. The selected private partner will design, redevelop...
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March 09, 2022
Italy awards Public lighting PPP project in Varese
The Province of Varese in Italy has awarded the public lighting concession to the joint venture (JV) of A2A Illuminazione and IM3 srl. The JV will be responsible for design, finance, redevelopme...
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March 08, 2022
Italy awards concession for Public lighting PPP project in Cuneo
Comune di Cueno in Italy has awarded the concession for public lighting management to the joint venture (JV) of Bosch and Iren Smart Solutions. The JV will be responsible for the operation and mainte...
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