CDP and Macquarie Bid for Telecom Italia Grid

Posted on 03/06/2023

Italian state lender Cassa Depositi e Prestiti (CDP) (CDP Equity) and Macquarie Group Ltd. (Macquarie Asset Management) made an offer for Telecom Italia SpA’s landline network. This is setting up a multi-billion-euro takeover battle with KKR & Co. The Board of Directors of CDP approved the bid for Telecom Italia’s grid and its submarine cable…

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