Tim, Giorgetti: “Government will evaluate public interest, strategic network”

“The government will rightly assess the public interest, which underlies a network that also has strategic profiles when the takeover bid takes place and when the plan is detailed”. This was stated by the Minister of Economic Development, Giancarlo Giorgetti, on Kkr’s manifestation of interest in Tim. Speaking on the sidelines of the Eicma at the Rho Fair in Milan, Giorgetti explained that “at this moment there is only one expression of interest, the government will evaluate and has decided to evaluate it collectively with a body that President Draghi wanted. The aspect is obviously of enormous complexity “. Read also Kkr’s letter of intent for Tim defines the interest in the company as “friendly, but we are waiting for the details to see what it consists of. It is difficult to talk about something that lacks substantive elements” said Giorgetti. The unions – he added – are legitimately worried, after which we will see the proposal that comes forward and we will see the decisions that Tim’s council will adopt on Friday “. The secretary of the League, Matteo Salvini, expressed himself in favor of a change of management in Tim. “I read about it in the newspapers. The government does something else and does not comment on management,” said the minister of economic development.
“By abstracting us from Tim’s case, because the government does not want to give any kind of evaluation, being in the presence of a listed company”, the interest of a foreign investment fund in an Italian company “is very positive” he then added. underlined. Giorgetti explained: “In my business around the world, I too try to convince international investors that Italy is a place to invest. We hope that many people will come to Italy to invest. Of course, on conditions. of reasonableness in every respect “.