Title: Rete Tim Enters Exclusive Negotiations with KKR for Netco Sale
Date: June 19, 2023
Rete Tim, the Italian telecommunications company, is reportedly moving towards exclusive negotiations with American investment firm KKR for the sale of Netco. The decision comes after an initial examination of proposals by the board, where KKR’s offer was deemed the most favorable.
According to sources, KKR’s offer of 23 billion euros has surpassed the bid from the Cdp-Macquarie consortium, which stood at 19 billion euros. This significant difference in value has positioned KKR as the frontrunner in the race to acquire Netco.
The Related Parties Committee conducted a thorough examination and found that accepting the proposal from Cdp and Macquarie would not resolve the antitrust concerns that arose during the relaunch process. This finding likely influenced the board’s decision to lean towards KKR’s offer.
While the board has conducted an initial examination, a subsequent meeting is scheduled for Thursday, June 22, to formalize the decision. This meeting will likely serve as the final step before Rete Tim enters into exclusive negotiations with KKR.
If the negotiations proceed successfully, the sale of Netco to KKR could have significant implications for Telecom Italia. The deal would mark a strategic move for Rete Tim, allowing the company to streamline its operations and focus on its core business areas.
As the exclusive negotiations progress, industry experts and stakeholders will closely monitor the developments. The outcome of these negotiations will shape the future landscape of the telecommunications industry in Italy and potentially have broader implications for the European market.
For more information on this news article, please visit the original source at Il Sole 24 ORE: [Link to the article](https://www.ilsole24ore.com/art/rete-tim-trattative-esclusiva-kkr-AEnPEKlD)
kkr offers to buy stake in telecom italia’s fixed line business
Rete Tim, the Italian telecommunications company, is poised to enter into exclusive negotiations with American investment firm KKR for the sale of Netco. This decision was reached after the board examined proposals and determined that KKR’s offer was the most favorable.
Sources indicate that KKR’s bid of 23 billion euros has surpassed the offer from the Cdp-Macquarie consortium, which was valued at 19 billion euros. The significant difference in value has established KKR as the frontrunner in the acquisition of Netco.
The board’s decision to favor KKR’s offer can be attributed, in part, to the finding of the Related Parties Committee that accepting the proposal from Cdp and Macquarie would not effectively address the antitrust concerns that emerged during the relaunch process.
While the board has conducted an initial examination, a final decision is expected to be formalized at a meeting scheduled for Thursday, June 22. This will likely pave the way for Rete Tim to enter into exclusive negotiations with KKR.
The successful outcome of these negotiations could have significant implications for Telecom Italia. The sale of Netco to KKR would represent a strategic move for Rete Tim, allowing the company to streamline its operations and focus on its core business areas.
The progress of the exclusive negotiations will be closely monitored by industry experts and stakeholders. The outcome will not only shape the future of the telecommunications industry in Italy but could also have broader ramifications for the European market.
For more information on this news article, please visit the original source at Il Sole 24 ORE: [Link to the article](https://www.ilsole24ore.com/art/rete-tim-trattative-esclusiva-kkr-AEnPEKlD).
This seems like a promising development for Rete Tim. Exclusive negotiations with KKR could potentially lead to a successful sale of Netco for them. Excited to see how this partnership unfolds.