Italy to discuss KKR's move on TIM after binding bid, minister says

  • 11/24/2021
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MILAN, Nov 24 (Reuters) - The Italian government will discuss KKR"s proposed takeover on Telecom Italia (TIM) (TLIT.MI) when the U.S. fund makes a binding proposal, Industry Minister Giancarlo Giorgetti said on Wednesday. TIM said on Sunday it had received a non-binding 10.8 billion euro ($12.10 billion) offer from KKR (KKR.N) aimed at taking Italy"s biggest phone group private. read more Rome has special anti-takeover powers to shield companies deemed of strategic importance from foreign bids. "It is too early to talk about that," Giorgetti said. ($1 = 0.8926 euros)

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