Brind.
  1. Poste Italiane launched a €10.8 billion takeover bid for TIM Group, a company listed on NYSE and with Luxembourg ties.

Poste Italiane gains controlling stake in TIM Group, eyeing international expansion

1 report, 1 independent Updated Sun 00:00
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What happened

Some supportReported by 1 outlet

Poste Italiane successfully completed its takeover bid for TIM Group, valued at €13 billion. The company acquired a controlling stake of approximately 85.8 percent of TIM Group. This acquisition gives Poste Italiane indirect control over TIM Brasil, which accounts for 67 percent of the Brazilian telecommunications firm.

From riotimesonline.com

Why it matters

Some supportBrind's analysis of the reports

The successful bid cements the influence of the Italian state over a major international telecommunications asset. The acquisition of TIM Group expands the operational scope of Poste Italiane, which is ultimately controlled by the Italian state.

Poste Italiane had previously launched a €10.8 billion takeover bid for TIM Group.

From riotimesonline.com

Who's involved

  • Poste ItalianeThe acquiring company that successfully completed the takeover of TIM Group.
  • TIM GroupThe telecommunications company whose ownership was taken over by Poste Italiane.
  • ItalyThe country whose state controls Poste Italiane.
  • TIM BrasilThe Brazilian telecommunications company whose parent company was acquired.

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Poste Italiane launched a €10.8 billion takeover bid for TIM Group, a company listed on NYSE and with Luxembourg ties. All 1 developments

The entities involved

Coverage

Newest first; wire copies grouped