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Telecom Italia's biggest shareholder opposes KKR bid
Nov 08, 2023 | Posted by Abdul-Rahman Oladimeji | Telecom Italia Sparkle S.p.A.
Telecom Italia recently agreed to sell its landline business to investment firm KKR for €22 billion. This deal, backed by Giorgia Meloni's Italian government, was finally approved by TIM on November 5 without making it conditional on a vote by shareholders. Though the board voted 11-3 in favor...