CVC Capital Partners approached Italian government officials regarding its potential acquisition of Vivendi’s 24% stake in Telecom Italia (TIM), according to sources cited by Reuters.
The private equity firm is seeking Rome’s approval, as Italian regulations require government clearance for any investment that results in a stake exceeding 3% in TIM. If successful, the deal would make CVC the largest shareholder in the company, with Italy’s state lender Cassa Depositi e Prestiti (CDP) following behind.
While discussions with the government are ongoing, sources indicate that CVC has yet to secure official backing for the acquisition. There is no certainty that a deal will materialize.
CVC, Italy’s Prime Minister’s Office, and Vivendi declined to comment on the matter, while Italy’s Treasury was not immediately available for a response.
Source: Reuters
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