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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)
(Adds background) MILAN, March 7 (Reuters) - A Telecom Italia...
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Last
$222.66 |
Change
-3.510(1.55%) |
Mkt cap ! $84.91B | |||
| Open | High | Low | Value | Volume |
| $226.12 | $226.12 | $222.31 | $24.89M | 111.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 22 | $222.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $222.67 | 48 | 6 |
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