CVC Capital Partners has been looking at the reorganisation under way at Telecom Italia (TIM) for some time but has taken no decision on its next move, a spokesperson for the private equity firm said on Wednesday.
TIM, Italy’s largest telecoms group, has already received an approach from U.S. fund KKR about a 10.8 billion euro ($11.8 billion) potential offer.
TIM shares traded 1.2% higher at just over 0.30 euros at 1325 GMT, well below the 0.505 euro price at which the KKR approach was pitched.
Read more: Reuters
