Tim, here’s Kkr’s offer

The board of the telecommunications company evaluates the proposal

From Kkr comes a “non-binding” expression of interest and qualified by the fund as “friendly” for 100% of Tim which provides indicatively a price of 0.505 euros per ordinary or savings share. This was announced by the telecommunications company itself in a note at the end of the Board of Directors, meeting today under the presidency of Salvatore Rossi, which “took note of the intention of Kohlberg Kravis Roberts Co. (Kkr) to the state ‘non-binding and indicative ‘to carry out a possible trade on Tim’s stock through a takeover bid on 100% of the company’s ordinary and savings shares, aimed at delisting “.” It aims to obtain the approval of the directors of the company and the support of management “they explain.

“The expression of interest, as mentioned non-binding and based on information in the public domain, would be subject to the condition that the minimum membership threshold of 51% of the capital is reached share capital of both share categories “, that is ordinary and savings, underlines the telecommunication operator again.