EU Commission Says KKR May Have Misled It Over Telecom Italia Deal
The European Commission said KKR might have provided incorrect or misleading information about its acquisition of Telecom Italia’s fixed-line network, valued at up to €22 billion ($24.7 billion). The Commission approved the deal in 2024 and has opened an investigation.
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09:53:28 AM UTC
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By Edith HancockThe European Union's competition watchdog sent a formal statement of objections to KKR over concerns it supplied officials with false or misleading information as part of an investigation into the investment firm's multibillion-dollar purchase of Telecom Italia unit NetCo.The Europe…
The EU Commission on Monday said US investment firm KKR NYSE:KKR might have provided it incorrect or misleading information over its up to €22 billion ($24.7 billion) acquisition of Telecom Italia's MIL:TIT fixed-line network.The Commission approved the deal in 2024, but opened an investigation fol…