(CercleFinance.com) – Private Equity fund CVC has made an offer for a 49% minority stake in ServCo according to Bloomberg and Sole24Ore.
The fund would have asked for a 10-week exclusivity period to submit a binding offer, according to Bloomberg.
‘ As part of the reorganization of the group led by Pietro Labriola, TIM should be split into 2, with on one side the network activity (which could be brought closer to OpenFiber) and on the other the ServCo service activities which would include the Enterprise, Consumer and TIM Brasil divisions’ indicates Invest Securities.
‘Recall that TIM is already evaluating a takeover offer of 100% of the group from KKR for 10.8 billion euros’ adds the analysis office.
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