Italian government wants control of TIM’s assets after any takeover

As the KKR takeover bid for Telecom Italia hangs in the air, the Italian government has signalled that it wants to control key strategic assets.
Private equity firm KKR launched the €0.505 per share takeover bid in November last year, which valued the Italian incumbent at €10.79 billion (with TIM’s net debt, and that valuation jumps to €32.95 billion). It requires the approval from the board and management, as well as the support of 51 percent of shareholders and the Italian