INWIT

Investors in Italian tower company INWIT are arranging financing for a potential take-private deal that would delist the firm from the Milan stock exchange, sources say. A leveraged buyout of INWIT, one of Europe's largest telecom tower operators, would be among the sector's biggest deals. Details on the investor group, valuation and timing have not been confirmed.

Investors in Italian tower firm INWIT have arranged financing for a proposed take-private bid, even as a dispute among shareholders continues. The move signals the consortium is pressing ahead with its plan to delist the company despite unresolved disagreements over control and terms.

Investors in Italian tower company INWIT are preparing financing for a potential take-private buyout of the group, according to sources. The move would see the telecommunications infrastructure firm, currently listed on the Milan exchange, taken out of public markets by a consortium of its shareholders, though no formal offer has been confirmed.