The letter with which Tim, supported by his advisors, establishes the first official contact with Kkr, left on Tuesday. The CEO Pietro Labriola is tightening the pace after the board, on Sunday, gave the green light to explore the expression of interest that the American fund forwarded to the former monopolist on 21 November. After almost four months the table begins. The letter would already contain a series of questions and requests for information. The mandate given by the board of directors to the CEO and chairman Salvatore Rossi aims in fact to verify the “attractiveness” and “concreteness” of the proposal, to verify, for example, sources of financing and repercussions on the debt of the transaction which, after a takeover bid proposed to a indicative price of 50.5 cents, provides for the separation of the network from services, a scheme which is then also followed by Tim’s internal plan. With one difference: the Americans aim to speed things up with the title out of Piazza Affari. This would overshadow the single network, that is the merger between the Telecom network and Open Fiber, a project relaunched in black and white by Tim’s board, despite the caution of the government.
Tim’s opening to Kkr: a letter for the dialogue on the American offer
150