M&A Activity • Mar 3, 2022
M&A Activity
Open in ViewerOpens in native device viewer
Rome, 3 March 2022
TIM, with reference to the press release issued on March 2, informs that the binding offer received from the consortium of institutional investors led by Ardian, in relation to the purchase of the indirect stake in INWIT, is related to 41% of the share capital of the holding company Daphne 3, which holds 30.2% of the share capital of Infrastrutture Wireless Italiane S.p.A.; the consideration offered amounts to approximately €1.3 billion. It should be noted that a vehicle belonging to Ardian already holds 49% of the share capital of Daphne 3.
As already mentioned, the Board of Directors of TIM has positively evaluated the offer, giving a mandate to the CEO, Pietro Labriola, to negotiate the agreement.
TIM Press Office +39 06 36882610 https://www.gruppotim.it/media Twitter: @TIMnewsroom
TIM Investor Relations +39 02 85954833 https://www.gruppotim.it/investor\_relations
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.