“Willingness to collaborate with Italian authorities and institutions”
Vivendi “is a long-term investor in Tim and does not intend to divest his stake“This was stated by a spokesman for the French media company, shareholder of the telephone group.
As for Kkr’s current offering, adds the spokesperson, “the position is that it does not reflect Tim’s real value”. Vivendi, he concludes, “reaffirms its willingness to collaborate with the Italian authorities and institutions for the success of the company”.
On Kkr’s expression of interest in Tim, the Minister of Economic Development, Giancarlo Giorgetti, explained that “the government will rightly evaluate the public interest, which is underlying a network that also has strategic profiles when the takeover bid will take place and when the plan will be detailed “.
Speaking on the sidelines of the Eicma at the Rho Fair in Milan, Giorgetti said that “at this moment there is only one expression of interest, the government will evaluate and has decided to evaluate it collectively with a body that President Draghi wanted. The aspect is obviously of enormous complexity “.
Source-www.adnkronos.com