TIM Group Announces Non-binding Offer From KKR For Stake In Company

RTTNews | Pred 816 dňami
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 To Invest $750 Mln In London-based Zenobe

KKR To Invest $750 Mln In London-based Zenobe

Global investment firm KKR & Co. Inc. (KKR) announced Thursday it is investing approximately $750 million to scale London-based Zenobe, a market leader in transport electrification and battery storage solutions, to accelerate the global decarbonization of diesel fleets and provide grid services that are critical for the decarbonization of the energy sector.
RTTNews | Pred 599 dňami
KKR Boosts Investment In NetSPI With $410 Mln In New Funding

KKR Boosts Investment In NetSPI With $410 Mln In New Funding

NetSPI announced Wednesday that global investment firm KKR & Co. (KKR) is increasing its investment in the company with $410 million in new funding. The growth investment validates NetSPI's significant outperformance since KKR's initial investment in May 2021.
RTTNews | Pred 936 dňami
Sensex, Nifty Likely To See Muted Start

Sensex, Nifty Likely To See Muted Start

Indian shares may open on a flat note Tuesday as investors react to macroeconomic data as well as reports suggesting that U.S. President Donald Trump may consider giving automakers a break on some of his tariffs.
RTTNews | Pred 26 minútami
Thai Stock Market Has Flat Lead

Thai Stock Market Has Flat Lead

The Thai stock market has moved higher in two straight sessions, gathering more than a dozen points or 1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,160-point plateau and it's expected to be rangebound again on Tuesday. The global forecast for the Asian markets is mixed with a touch of upside amidst a lack of catalysts. The European markets were up slightly and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference. The SET finished barely higher on Monday as gains from the food, finance, resource and technology stocks were capped by weakness from the consumer, industrial, property and service sectors. For the day, the index rose 0.53 points or 0.05 percent to finish at 1,159.53 after trading between 1,156.63 and 1,166.32. Volume was 5.368 billion shares worth 28.497 billion baht. There were 250 decliners and 216 gainers, with 188 stocks finishing unchanged. Among the actives, Advanced Info added 0.36 percent, while Thailand Airport retreated 0.68 percent, Asset World sank 0.90 percent, Banpu gained 0.47 percent, Bangkok Bank collected 0.74 percent, Bangkok Dusit Medical tumbled 1.70 percent, Bangkok Expressway picked up 0.84 percent, B. Grimm strengthened 0.89 percent, BTS Group declined 0.81 percent, CP All Public lost 0.50 percent, Charoen Pokphand Foods advanced 0.97 percent, Energy Absolute slumped 0.91 percent, Gulf gathered 0.55 percent, Kasikornbank rose 0.32 percent, Krung Thai Bank climbed 0.96 percent, PTT Oil & Retail surged 4.58 percent, PTT rallied 0.82 percent, PTT Exploration and Production was up 0.50 percent, PTT Global Chemical stumbled 2.82 percent, SCG Packaging tanked 2.21 percent, Siam Commercial Bank improved 0.86 percent, Siam Concrete dropped 0.99 percent, True Corporation shed 0.84 percent, TTB Bank increased 1.13 percent and Krung Thai Card and Thai Oil were unchanged.
RTTNews | Pred 1 h 40 min