ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

MQG Macquarie Group Limited

193.97
-0.65 (-0.33%)
Last Updated: 04:57:28
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
  -0.65 -0.33% 193.97 193.97 194.00 195.06 192.00 193.71 411,868 04:57:28

Telecom Italia Says CDP, Macquarie's Offer Needs Improvement

15/03/2023 1:42pm

Dow Jones News


Macquarie (ASX:MQG)
Historical Stock Chart


From Mar 2023 to Mar 2024

Click Here for more Macquarie Charts.

By Giulia Petroni

 

Telecom Italia SpA said the non-binding offer submitted by Italian state lender Cassa Depositi e Prestiti SpA and Macquarie Group Ltd. for its fixed line grid doesn't reflect the asset value and needs improvement.

The Italian telecommunications company said on Wednesday that it will provide certain specific information on a nonexclusive basis to allow the consortium to submit an improved offer, with a deadline set for April 18.

The offer is for a new company to be set up, known as NetCo, that would house TIM's fixed-line network management and infrastructure, including FiberCop's assets and activities, as well as the stake in Sparkle, the company said.

The information will also be given to KKR & Co, which submitted an offer to purchase a stake in NetCo in February.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

March 15, 2023 09:27 ET (13:27 GMT)

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

1 Year Macquarie Chart

1 Year Macquarie Chart

1 Month Macquarie Chart

1 Month Macquarie Chart

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com