TIM refuses to let KKR look at its books

US private equity firm KKR first made a non-binding bid to take control of Italian operator TIM last year, offering €10.8 billion. 
At the time, TIM was in something of a vulnerable position, with then-CEO Luigi Gubitosi coming under fire from shareholders for failing to provide the financial uplift that had been promised. The bid from KKR hasted Gubitosi’s departure, with TIM Brasil’s CEO, Pietro Labriola, taking over as Group CEO at the start of 2022…

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