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MQG Macquarie Group Limited

192.24
1.12 (0.59%)
22 Feb 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Macquarie Group Limited ASX:MQG Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.12 0.59% 192.24 191.12 192.25 192.59 190.72 191.99 448,277 07:50:01

Telecom Italia Gets Alternative Bid for Network Assets From CDP, Macquarie

06/03/2023 6:47am

Dow Jones News


Macquarie (ASX:MQG)
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By Adria Calatayud

 

Telecom Italia SpA said it has received a nonbinding offer for full ownership of its network assets from a consortium formed by Italian state lender Cassa Depositi e Prestiti SpA and Macquarie Group Ltd., an alternative to an earlier bid by KKR & Co.

The Italian telecommunications company said late Sunday the offer from the CDP Equity and Macquarie Infrastructure and Real Assets (Europe) Ltd. consortium expires at the end of March. Since CDP Equity is a related party to TIM, the offer will be evaluated by TIM's related parties committee and subsequently by its board at a meeting on March 15 or at another date, the company said.

The offer is for a new company to be set up that would house TIM's network management and infrastructure assets, the company said.

TIM last month said a separate nonbinding offer from KKR for a stake in TIM's network company didn't fully reflect the value of the assets and its expectations. KKR's offer has a March 31 deadline, TIM said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

March 06, 2023 01:32 ET (06:32 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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