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TIM's CEO ready to step aside to facilitate assessment of KKR's bid - ANSA

TIM's CEO ready to step aside to facilitate assessment of KKR's bid - ANSA
TIM's CEO ready to step aside to facilitate assessment of KKR's bid - ANSA   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">MILAN</span> – Telecom Italia Chief Executive Luigi Gubitosi said on Thursday he was ready to step aside in order to allow the group’s board to make a smoother assessment of <span class="caps">KKR</span>’s takeover proposal, <span class="caps">ANSA</span> news agency reported.</p> <p>In a letter to the board members, Gubitosi added that the board should not put off the decision on <span class="caps">KKR</span>’s bid as it could be interpreted as defending interests of certain shareholders, Ansa reported. </p> <p><span class="caps">TIM</span>’s top investor Vivendi was not immediately available for comment.</p> <p/> </div>