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By Elvira Pollina and Giuseppe Fonte
MILAN, May 16 (Reuters) - Australian fund Macquarie is raising legal hurdles over a plan backed by Italy's Treasury for state lender CDP to join forces with U.S. fund KKR to buy Telecom Italia's (TIM) landline grid, three sources said.
TIM directors have set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a rival consortium comprising CDP and Macquarie, worth 21 billion euros and 1...
>>> Read more: UPDATE 1-Macquarie raises hurdles to CDP joining KKR bid for Telecom Italia grid
By Elvira Pollina and Giuseppe Fonte
MILAN, May 16 (Reuters) - Australian fund Macquarie is raising legal hurdles over a plan backed by Italy's Treasury for state lender CDP to join forces with U.S. fund KKR to buy Telecom Italia's (TIM) landline grid, three sources said.
TIM directors have set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a rival consortium comprising CDP and Macquarie, worth 21 billion euros and 1...
>>> Read more: UPDATE 1-Macquarie raises hurdles to CDP joining KKR bid for Telecom Italia grid
