TIM, Impulse I (a consortium led by
Ardian) and Daphne 3 have reached an agreement for the sale of
TIM's remaining 10% stake in the share capital of the holding
company Daphne 3, which holds 29.9% of the share capital of
Infrastrutture Wireless Italiane (INWIT), TIM said on Tuesday.
The agreement is based on an evaluation of INWIT's share price
of 10.43 euros and has earned TIM approximately 250 million
euros, not included in the 2024 guidance, the company explained.
Terms and conditions of the transaction are in line with the
practice of public M&A deals of comparable nature and the
operation is expected to close in the fourth trimester of the
year, TIM added.
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