Tim, what is Vivendi doing with Macquarie?

22 March 20222 years ago babelfish

All of Vivendi's moves with Macquarie on Tim and the role of Elder (formerly Elliott). Facts, names and rumors

Surprise, perplexity, criticism. These are some of the moods that leak out – according to rumors collected by Start Magazine – from ministerial circles for the latest moves under the track of the Vivendi group on the Tim dossier.

It all stems from the indiscretion published today by the newspaper Mf , according to which the leaders of the French group Vivendi met with Italian representatives of the Australian fund Macquarie for the Tim dossier.

There is nothing particularly sensational, rumors among sources close to Vivendi, given that the Macquarie fund is a minority shareholder of Open Fiber: it holds 40% (through the subsidiary Fiber Networks Holdings) of the company resulting from the acquisition of the stake from Enel, while the remaining 60% is the prerogative of Cdp Equity (Cassa Depositi e Prestiti group).

Physiological interlocutions given the prospects of a single society of the network?

Could be.

However, government circles underline that at the same time the Ministry of Economy and the CDP are finding a square on the network company with the Kkr fund, which has announced a potential takeover bid on Tim and is awaiting a response from the board of directors (but from indiscretions not denied Palazzo Chigi would have a general opposition to the takeover bid while it would be open to a pluralistic composition of the shareholding structure of the future of the company with a center of gravity always public through the CDP).

The amazement that transpires on the pour parler between Vivendi and Macquarie are reinforced by the observation that the man of reference in Italy of the Australian fund specialized in the sector of networks and infrastructures is Roberto Sambuco, new senior managing director of Macquarie Capital, the division of the colossus Australian Macquarie specializing in advisory, capital markets and direct investments.

Sambuco, formerly head of the Communications Department at the Ministry of Economic Development, lawyer of the Vitale & Co firm and then Elliott's point man when the American fund was in Tim opposing Vivendi, now therefore he would be following the thread of speech with the opponent of years.

It's finance, baby.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/tim-cosa-combina-vivendi-con-macquarie/ on Tue, 22 Mar 2022 10:14:56 +0000.