KKR's non-binding offer for Tim's Netco has been extended by nearly a month.
Tim informs that he has received a letter from KKR with which the latter has extended the deadline of this offer to March 24, 2023.
The Government has asked "to have an additional four weeks to carry out a joint analysis of the public aspects of the transaction concerning the exercisable by the Government in the sector" on the theme of the Tim network.
Kkr specifies it in the letter sent to the TLC group.
Kkr has "confirmed its willingness to continue a constructive dialogue with Tim and to proceed with the due diligence activities" and Tim confirms that the Board of Directors will still be held on February 24, 2023 to discuss Kkr's non-binding offer and assume the case decisions.