(Finance) – TIM announced with a note what the CEO and CFO had said during today’s call with financial analysts: thebinding offer received from the consortium of institutional investors led by Ardianin relation to the purchase of the indirect participation in INWIThas as its object the 41% of the share capital of the holding company Daphne 3which in turn holds 30.2% of INWIT. TIM underlines that the consideration offered amounts to approximately 1.3 billion euros.
A vehicle belonging to Ardian holds a 49% stake in the capital of Daphne 3. As already reported, TIM’s board of directors positively assessed the offer, giving mandate to the managing director Pietro Labriola to negotiate the agreement.