TIM annunced that a consortium of institutional investors ("Consortium") led by Ardian, a leading global private investment company, has submitted a binding offer to purchase the majority of the share capital of the holding company Daphne 3 (the "Holding Company"), which holds 30.2% of the share capital of Infrastrutture Wireless Italiane SpA ("INWIT").

The proposed transaction is structured as to not trigger any tender offer obligations and is subject to a number of conditions precedent.

The Board of Directors of TIM, positively assessing the offer, mandated Pietro Labriola, Chief Executive Officer and General Manager, to negotiate to reach an agreement.

Rome, 2 March 2022

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Telecom Italia S.p.A. published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2022 21:56:20 UTC.