Deals
Italy to Shield Strategic Assets If KKR Bids for Telecom Italia
- Minister says company has assets that are ‘strategic’ to state
- Telecom Italia falls as much as 3.7% after Giorgetti remarks
KKR announced a 10.8 billion-euro ($12.2 billion) bid for Telecom Italia in October.
Photographer: Francesca Volpi/BloombergThis article is for subscribers only.
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Italy will review U.S. private equity giant KKR & Co.’s bid for Telecom Italia SpA and ensure strategic assets remain under state control.