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MILAN, March 7 (Reuters) - A Telecom Italia (TIM) TLIT.MI committee will meet on Friday to review the joint offer for the phone group's grid by Italian state lender CDP and Australian fund Macquarie (MQG) , two sources told Reuters on Tuesday.
The bid targets TIM's landline network and submarine cable unit Sparkle.
U.S. investment firm KKR KKR.N has already presented an offer to buy a controlling stake in the same venture.
The opinion on Friday of the Italian group's "related parties committee" - which comprises five TIM directors - is required as CDP holds a 10% stake in the phone group.
TIM said its board would discuss the CDP-Macquarie offer on "March 15 or on another date to be defined."
($1 = 0.9384 euros)
News: MQG UPDATE 1-TIM committee to review CDP-Macquarie bid for grid on Friday - sources
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Last
$222.77 |
Change
-3.400(1.50%) |
Mkt cap ! $84.95B | |||
| Open | High | Low | Value | Volume |
| $226.12 | $226.12 | $222.31 | $23.55M | 105.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11 | $222.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $222.78 | 43 | 4 |
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| Last trade - 11.44am 17/09/2025 (20 minute delay) ? |
| MQG (ASX) Chart |