KKR, CVC Capital in talks to jointly bid for Telecom Italia – Bloomberg News

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(Reuters) -KKR & Co and CVC Capital Partners are considering teaming up on a bid for Italy-based Telecom Italia SpA, Bloomberg News reported https://bloom.bg/3cNCTED on Thursday, citing people with knowledge of the matter.
The two private-equity firms have held exploratory talks about the potential for a joint offer, the report added, quoting people asking not to be identified as the talks are private.
CVC Capital declined to comment. KKR and Telecom Italia did not respond to a Reuters request for comment.
CVC has been studying a possible acquisition of Telecom Italia for several months, the people were quoted as saying in the Bloomberg News report, adding that the private-equity firms are still discussing the merits of teaming up for the joint bidding.
KKR had made a 10.8 billion euro ($12 billion) offer in the ...


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