TIM: new appointments on the way, KKR tries to strengthen its offer
TIM
The preliminary examination of TIM's financial statements is expected during the Board of Directors on January 26th. Before that date, in reality, a new extraordinary Board of Directors and a second informal meeting were convened to take stock of the appointments and the progress of the industrial plan which Pietro Labriola is dealing with as general manager.The two appointments are set for 21 and 18 January respectively. The extraordinary BoD, in particular, will fall on Friday, a strategic choice in view of the closing of the stock exchanges of the weekend.
Unless surprises, it should be the CEO of TIM Brasil Pietro Labriola to take command of the company as CEO. TIM Vivendi's first shareholder would agree; the game, however, is not yet over. Labriola, in fact, will have to contend with Alberto Calcagno, current CEO of Fastweb with a role of shareholder in the subsidiary FiberCop.
if (jQuery ("# crm_srl-th_mobilelabs_d_mh2_1"). Is (": visible")) { console.log ("Edinet ADV adding zone: tag crm_srl-th_mobilelabs_d_mh2_1 slot id: th_mobilelabs_d_mh2"); } The choice of the chairman, on the other hand, is in the hands of Cassa Depositi e Prestiti, a TIM shareholder with a stake of 9.81%. At the moment, the only manager in the running would be Massimo Sarmi, current president of FiberCop and Asstel. However, it is possible that the president will not be appointed shortly, even if the rumors about Salvatore Rossi's departure are becoming more and more insistent.
Finally, as regards KKR's proposal, we learn that the US fund is still in talks with some international banks to make its offer stronger and “irredeemable”. More specifically, KKR would like to involve Unicredit and Intesa Sanpaolo, as well as the PIF sovereign fund of Saudi Arabia linked to Crown Prince Mohammed bin Salman. In recent weeks, the fund has expressed an interest in presenting a takeover bid (Public Purchase Offer) of € 0.505 per share to acquire TIM. The takeover bid could be financed by Wall Street giants JP Morgan, Citi and Morgan Stanley, with whom KKR would have previously agreed, but now the attempt is to expand this circle to other internationally relevant credit institutions. For further developments in this sense, it will be necessary to wait until at least the end of January.
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Coronation Street's Sally to discover Tim's health news
Coronation Street spoilers follow.
Coronation Street's Sally Metcalfe is shocked next week as she finally discovers what her husband Tim has been hiding from her.
Sally (Sally Dynevor) is currently in the dark over the recent revelation that Tim needs triple heart bypass surgery after some concerning test results.
In upcoming episodes, Sally grows increasingly suspicious that Tim (Joe Duttine) could be hiding something from her.
Sally decides that Tim must be having an affair and confides in her ex-husband Kevin Webster (Michael Le Vell) about her suspicions.
Photo credit: ITV
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Kevin encourages Sally not to jump to conclusions and suggests that she should speak to Tim.
When Sally does confront Tim and accuses him of infidelity, he still feels unable to tell her the real story – only fuelling her suspicions further.
Sally's theory grows when Shona Platt (Julia Goulding) tells Abi Webster that Tim has been spending lots of time with Aggie Bailey lately.
Abi (Sally Carman) passes this gossip onto Sally, who starts to wonder whether Aggie is the other woman.
Photo credit: ITV
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The situation comes to a head when Tim heads to Aggie's house for a chat after she has accompanied him to his latest hospital appointment.
Through the window, Sally spots Aggie (Lorna Laidlaw) putting a comforting arm around Tim and soon storms inside, ready for a showdown.
Tim plucks up the courage to tell Sally the truth but suddenly experiences chest pains and collapses to the ground.
Sally is stunned to finally discover the truth about what Tim has been going through. How will she feel about his secrecy? And will Tim be okay?
Photo credit: ITV
Photo credit: ITV
Coronation Street airs these scenes on Friday, January 21 at 7.30pm on ITV.
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