TIM annunced that a consortium of institutional investors (“Consortium”) led by Ardian, a leading global private investment company, has submitted a binding offer to purchase the majority of the share capital of the holding company Daphne 3 (the “Holding Company”), which holds 30.2% of the share capital of Infrastrutture Wireless Italiane SpA ("INWIT").
The proposed transaction is structured as to not trigger any tender offer obligations and is subject to a number of conditions precedent.
The Board of Directors of TIM, positively assessing the offer, mandated Pietro Labriola, Chief Executive Officer and General Manager, to negotiate to reach an agreement.
Rome, 2 March 2022
