✉news WorldEU Politics first seen 2 d ago, last 2 d ago, peak #22
EU Files Formal Objection to KKR Over €22 Billion NetCo Deal
Original: KKR Sent Formal Objection by EU Over Information Provided in €22 Billion NetCo Deal
The European Commission has issued a formal objection to KKR regarding information provided in connection with its €22 billion acquisition of Telecom Italia's fixed-line network unit, NetCo. The move signals competition regulators' concerns about the disclosures made during the merger review process, and puts the deal's approval timeline in doubt as KKR must now respond to the charges.
Why now: A formal EU antitrust objection raises doubts about the future of one of Europe's largest telecom deals.
KKREuropean CommissionTelecom ItaliaNetCo
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