Telecom Italia hostile takeover update: financial advisors named amid group reshuffle

Telecom Italia (TIM) has announced a company restructure and the appointment of financial advisors to advise on the €33bn takeover bid by KKR. Goldman Sachs and LionTree have been selected by Italy's largest telecoms group, while Gatti, Pavesi, Bianchi and Ludovici law firms have been appointed as legal advisors. TIM said in a statement the advisers would support its board of directors in analysing possible "strategic alternatives" that could increase the value or development of the gro...