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KKR's Telecom Italia Takeover Hit Roadblock Over Takeover Process: Reuters

KKR's Telecom Italia Takeover Hit Roadblock Over Takeover Process: Reuters

KKR对意大利电信的收购遇到了收购过程的障碍：路透社
Benzinga Real-time News ·  2022/04/05 07:26
  • The likelihood of U.S. fund KKR & Co Inc (NYSE:KKR) pushing ahead with a firm bid for Telecom Italia SpA (OTC:TIIAY) turned bleaker as they deadlocked over access to the company's books, Reuters reports.
  • KKR refused to confirm a bid unless Telecom Italia provided access to its books under a due diligence process.
  • KKR needed more information as the war in Ukraine had changed market conditions. 
  • Telecom Italia focused on being a standalone company and only looked to offer KKR access once it bid formally.
  • Telecom Italia looked to split its wholesale network operations from its service business.
  • The Italian telecom company had cut its outlook and suffered multiple credit rating downgrades.
  • European private equity fund CVC looked to procure a stake in an enterprise services business spun out of Telecom Italia.
  • Telecom Italia looked with Italian state lender CDP to discuss combining the phone group's network with smaller broadband rival Open Fiber.
  • Price Action: KKR shares closed higher by 0.27% at $59.94 on Monday.
  • 美国基金成立的可能性KKR&Co Inc.(纽约证券交易所代码：KKR)推进对意大利电信温泉据路透社报道，(场外交易代码：TIIAY)在访问该公司账簿的问题上陷入僵局，情况变得更加黯淡。
  • KKR拒绝确认竞购要约，除非意大利电信在尽职调查过程中提供其账簿。
  • KKR需要更多信息，因为乌克兰战争改变了市场状况。
  • 意大利电信专注于成为一家独立的公司，只有在正式竞标后才寻求提供KKR接入。
  • 意大利电信希望将其批发网络业务从服务业务中分离出来。
  • 这家意大利电信公司下调了预期，并多次遭到信用评级下调。
  • 欧洲私人股本基金CVC希望收购从意大利电信剥离出来的一家企业服务业务的股份。
  • 意大利电信考虑与意大利国有银行CDP讨论将该电话集团的网络与规模较小的宽带竞争对手Open Fibre合并。
  • 价格行动：KKR股价周一收高0.27%，报59.94美元。
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