Tim sells Daphne (INWIT) stake for 250 mn euros

(ANSA) - ROME, AUG 13 - TIM, Impulse I (a consortium led by Ardian) and Daphne 3 have reached an agreement for the sale of TIM's remaining 10% stake in the share capital of the holding company Daphne 3, which holds 29.9% of the share capital of Infrastrutture Wireless Italiane (INWIT), TIM said on Tuesday.
    The agreement is based on an evaluation of INWIT's share price of 10.43 euros and has earned TIM approximately 250 million euros, not included in the 2024 guidance, the company explained.
    Terms and conditions of the transaction are in line with the practice of public M&A deals of comparable nature and the operation is expected to close in the fourth trimester of the year, TIM added. (ANSA).