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KKR and CVC Capital are in talks to jointly bid on Telecom Italia – Bloomberg News

KKR & Co and CVC Capital Partners are considering working together in a bid for the Italian-based Telecom Italia SpA, Bloomberg News reported Thursday at https://bloom.bg/3cNCTED to learn about this issue. Quoted people with.

The report added that the two private equity companies had exploratory consultations on the possibility of joint offers, citing those who sought not to be identified because the consultations are private.

CVC Capital declined to comment. KKR and Telecom Italia did not respond to Reuters’ request for comment.

CVC has been investigating the potential acquisition of Telecom Italia for several months and reportedly said in a Bloomberg News report that private equity firms are still discussing the benefits of teaming up for joint bidding. ..

KKR made an offer of € 10.8 billion ($ 12 billion) in a row of conference rooms between Telecom Italia CEO Luigi Gubitosi and former Italian telecommunications monopoly top investor Vivendi.

Gubitoshi told the board that he was ready to leave to speed up the decision on KKR’s proposal, sources said.

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KKR and CVC Capital are in talks to jointly bid on Telecom Italia – Bloomberg News

Source link KKR and CVC Capital are in talks to jointly bid on Telecom Italia – Bloomberg News

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