(Finance) – The Board of Directors of Deposits and Loans Fund has given the green light to the presentation of a new non-binding offer by CDP Equity, jointly with Macquarie Asset Management, for the acquisition of the newly established NetCo of TIMwhich will include the infrastructure network and the investment in Sparkle.
The offer will be valid until 30 July 2023.
Last May Dario Scannapieco the managing director of Cassa Depositi e Prestiti had specified that CDP would not withdraw from the tender for TIM’s Netco: “CDP is still reviewing its offer with Macquarie”, said the CEO in an interview with BloombergTV from New York during a round of meetings with investors .
“We are now working on the offer. We have received the letter from Telecom Italia asking us for clarifications on our offer and together with Macquaire we are preparing a reply to this letter” – added Scannapieco -. “We are explaining some technical elements on our offer and I can’t say that we will offer more. Clearly we think that our offer as well as probably that of KKR will benefit the company”.