Poste Italiane has announced a €10.8 billion tender offer for TIM , in cash and shares, with the aim of creating a large group combining financial and insurance sectors with telecommunications, logistics, and digital services. TIM has stated that it has acknowledged the offer and, not considering it hostile, will initiate a review with a board of directors.
Poste is aiming to take over the telephone operator, of which it is now the largest shareholder with nearly 25% of the capital. The integration of the two companies will then take Telecom Italia delisted .
The resulting group would have stable governance, with the Italian state remaining the majority shareholder with a stake of over 50% . The transaction is expected to be completed by the end of 2026.
(Unioneonline/ns)
