TIM board backs Poste Italiane offer, calls EUR 1.67 cash-plus-shares price fair

Reuters2026/07/18 14:15

By:Reuters

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Poste Italiane launched an offer for all Telecom Italia ordinary shares, offering EUR 1.67 cash and 0.218 new Poste shares per TIM share.
TIM’s board backed the deal’s industrial rationale, citing expected strategic benefits and consistency with the group’s current direction.
The board judged the consideration financially fair, based on fairness opinions from Evercore Partners International and Goldman Sachs Bank Europe.
Consob cleared the offer document on July 15, 2026.
TIM will not update its business plan pending the outcome, keeping focus on 2Q and 1H 2026 results due July 29.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telecom Italia S.p.A. published the original content used to generate this news brief on July 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TIM board backs Poste Italiane offer, calls EUR 1.67 cash-plus-shares price fair

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