Home Business TIM: Labriola’s candidacy as CEO in place of Gubitosi comes forward

TIM: Labriola’s candidacy as CEO in place of Gubitosi comes forward

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Today TIM limited the damages (-0.72% in the € 0.4805 area) on the day of the extraordinary board of directors. CEO Luigi Gubitosi would be ready to take a step back to favor an examination of KKR’s offer. In the last few hours, the candidacy as CEO of Pietro Labriola, current number one of TIM Brasil, has emerged. Meanwhile, as reported by Bloomberg News, KKR and CVC Capital Partners are considering collaborating on an offer for Telecom Italia.

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