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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Canadian Dollar Climbs As Inflation Accelerates
The Canadian dollar strengthened against its major counterparts in the New York session on Tuesday, following the release of hotter-than-expected inflation data for October.
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European Stocks Close Weak On Geopolitical Concerns, Growth Worries
European stocks closed weak on Tuesday amid an escalation in Russia - Ukraine war and concerns about the outlook for global economic growth rendered the mood bearish.
Investors moved away from riskier assets after Russian President Vladimir Putin updated nuclear doctrine.
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