TIM goes public on the Minerva plan acceleration

TIM goes public on the Minerva plan acceleration

(Finance) – Leap on the stock market for TIMwhich is the best title of the FTSE MIB, after hypothesis of acceleration on the Minerva plane developed in recent months by the Brothers of Italy and which provides for an offer by Cassa Depositi e Prestiti (CDP) on the former state monopolist to then spin off the network.

“The Minerva project is a priority and I will start hearing from all stakeholdersstarting with the CDP, “he said over the weekend Alessio Butti, undersecretary to the Presidency of the Council with responsibility for Innovation. “Cassa, which is the emanation of the MEF, has a double role which is strange, both within TIM and within Open Fiber – he told SkyTg24 – We will start talking with Cassa and then with TIM and the other operators. the right foot “.

Yesterday La Stampa wrote that the takeover bid may not even be launched by CDP alone. “The operation, according to rumors circulating in financial circles but never confirmed, could also take on different contours, with a “collective” offer in which not only the Cassa headed by Dario Scannapieco would participate but also the first shareholder of TIM (with 23.75%) Vivendias well as funds such as KKR and Macquarie, ”the newspaper wrote.

Take flight Telecom Italiawhich stands at 0.2363 Euro, with an increase of 7.56%. The stock has gained more than 20% in the past week due to rumors of the acceleration of the Minerva plan. Operationally, expectations are for a continuation of the day in a positive sense with resistance seen in the 0.242 area and subsequently at 0.2576. Support at 0.2264.

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