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KKR-PRA
25.06
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EXCLUSIVE-EU concerned about KKR, Telecom Italia deal impact on wholesale competition, sources say
EU concerned about KKR, Telecom Italia deal impact on wholesale competition, sources say. KKR is buying TIM's domestic fixed-line access for up to $23.5 billion. Rival sources say EU concerned about impact of deal on Italy's wholesale competition.
Reuters · 16h ago
UPDATE 2-Telecom Italia CEO secures second term to reshape group
Telecom Italia shareholders hand CEO Pietro Labriola a three-year term to reshape group. Top investor Vivendi refrains from backing any slate at AGM. Outgoing CEO slate secures six out of board seats. Vivendi's opposition to sale of TIM's fixed-line access to U.S. Fund KKR was key to the outcome.
Reuters · 22h ago
UPDATE 1-Telecom Italia CEO secures second term to carry out revamp
Telecom Italia CEO Pietro Labriola secures second term to carry out revamp. Top investor Vivendi refrains from backing any slate at AGM. Outgoing CEO slate secures 6 out 9 seats on board. The sale of TIM's fixed-line access to U.S. Fund KKR is worth up to $23.4 billion.
Reuters · 22h ago
Telecom Italia CEO set for second term to carry out revamp
Telecom Italia CEO set for second term to carry out revamp. Shareholders expected to hand CEO Pietro Labriola another term to press ahead with a planned sale of former phone monopoly's fixed-line access to U.S. Fund KKR. The sale has been challenged by minority investors.
Reuters · 1d ago
KKR & CO INC - GREED TO ACQUIRE IMMEDICA PHARMA FOCUSED ON THE COMMERCIALIZATION OF MEDICINES FOR RARE DISEASES AND SPECIALTY CARE PRODUCTS.
Reuters · 1d ago
REFILE-KKR & CO INC - AGREED (FIXES TYPO) TO ACQUIRE IMMEDICA PHARMA FOCUSED ON THE COMMERCIALIZATION OF MEDICINES FOR RARE DISEASES AND SPECIALTY CARE PRODUCTS.
Reuters · 1d ago
KKR & CO INC <KKR.N> - EXISTING OWNER, NORDIC HEALTHCARE INVESTMENT FIRM IMPILO, WILL REINVEST TO BECOME AN EQUAL OWNER ALONGSIDE KKR
Reuters · 1d ago
UPDATE 1-HD Hyundai Marine Solution set to price shares at top of range in $538 mln IPO, sources say
HD Hyundai Marine Solution set to price shares at top of range in $538 mln IPO, sources say. South Korea's largest initial public offering in two years to raise 742 billion won, people say. The company is set to sell shares at the top of an indicative range to raise $538 million.
Reuters · 1d ago
UPDATE 2-Telecom Italia boss on course for second term as Vivendi abstains
Telecom Italia boss Pietro Labriola on course for second term as Vivendi abstains in shareholder vote. Leading investor Vivendi decides to abstain in a shareholder vote on the renewal of the former phone monopoly's board. Vivendi was the main hurdle to a reappointment of the current TIM CEO. The French media group wants to block sale of TIM's fixed-line access to KKR.
Reuters · 1d ago
Vivendi to abstain in Telecom Italia board renewal vote
Vivendi to abstain in Telecom Italia board renewal vote. Move puts outgoing TIM CEO Pietro Labriola on course for a second term. Shareholders will vote on Tuesday on the board renewal at the former phone monopoly. Vivendi is a top investor in TIM.
Reuters · 1d ago
Italy - Factors to watch on April 22
Italy and France should cut spending faster than planned to keep debt under control, IMF says. S&P Global confirms its 'BBB' sovereign rating on Italy. Eight stocks included in Italy's blue-chip index trades ex-dividend on Monday. Italian drinks group Campari continues to look for M&A opportunities.
Reuters · 2d ago
BREAKINGVIEWS-Buyout barons salivate at Toshiba job cuts
Toshiba may cut up to 5,000 roles, 7% of its domestic workforce. Job cuts could open up another way for financial investors to juice their returns in Japan. Japan may be ready to accept large job cuts for several reasons. Toshiba was taken private last year in a 2 trillion yen deal.
Reuters · 2d ago
KKR Real Estate Finance Trust Inc <KREF.N> expected to post earnings of 34 cents a share - Earnings Preview
KKR Real Estate Finance Trust Inc expected to post earnings of 34 cents a share. The company is expected to report a 6.2% decrease in quarterly revenue to $43.683 million from $46.55 million. The New York City-based company will report results on April 23 for the period ending March 31 2024.
Reuters · 4d ago
Deals of the day-Mergers and acquisitions
Investment fund Phoenix wins the privatization auction for a controlling stake in Brazilian power generator EMAE. French train manufacturer Alstom agrees to sell its North American rail signalling business to a German company. Lufthansa executives to attend a hearing to convince EU regulators to approve its bid for ITA Airways.
Reuters · 4d ago
UPDATE 1-Telecom Italia's grid sale to KKR faces May 30 EU antitrust deadline
European Commission faces May 30 EU antitrust deadline to decide on Telecom Italia's grid sale to KKR. KKR's proposed buyout of TIM's fixed-line access to be decided by May 30. TIM has agreed to sell up to 22 billion euros of its domestic business to the U.S. Investment company.
Reuters · 4d ago
Telecom Italia writes down value of submarine cable business Sparkle
Telecom Italia writes down value of submarine cable business Sparkle. Italy's Treasury is looking to secure control of the strategic asset. In February TIM rejected a Treasury bid for Sparkle. Sparkle transmits information between countries in Europe, the Mediterranean and the Americas. TIM valued the business at 481 million euros as of December 31, 2023.
Reuters · 4d ago
Telecom Italia's grid sale on track as KKR informs EU of buyout plan
Telecom Italia's grid sale on track as KKR informs EU of buyout plan. U.S. Investment company KKR has sent EU antitrust authorities a formal about its proposed buyout. TIM has agreed to sell its domestic fixed-line access to KKR for up to 22 billion euros.
Reuters · 4d ago
BRIEF-Telecom Italia Says KKR Confirmed Notification Of Netco Deal To European Commission DG Comp
Telecom Italia says KKR Confirmed Notification Of Netco Deal To European Commission DG Comp. KKR confirms notification of the deal to the European Commission. The deal is expected to be completed by the end of the first quarter of 2013. The company says the deal is in the process of being finalized.
Reuters · 4d ago
EXPLAINER -Telecom Italia CEO faces investor showdown
Telecom Italia shareholders will vote on April 23 on whether to hand CEO Pietro Labriola mandate to sell group's grid to KKR. Vivendi, TIM's single largest shareholder, has criticised the sale and is fighting it in court. Activist investors have put forward their own plans to revive the company.
Reuters · 5d ago
RPT-BREAKINGVIEWS-Vietnam’s stability gets rude $24 bln shock
Vietnam’s central bank has provided an “unprecedented” $24 billion of “special loans” to Saigon Joint Stock Commercial Bank. The country's importance in supply chains rises as companies rush to Vietnam. The bank rescue is a wake-up call for investors in the country.
Reuters · 5d ago
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About KKR-PRA
KKR & Co. Inc is a global investment company. The Company offers alternative asset management and capital markets and insurance solutions. The Company manages investments funds that invest in private equity, credit and real assets and hedge funds. It offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties. The Company conducts its business with offices across the world, providing it with a global platform for sourcing transactions, raising capital and carrying out capital markets activities. The Company operates through four business lines: Private Markets, Public Markets, Capital Markets and Principal Activities. The Company also offers annuities for individuals through a network of banks, broker-dealers, and insurance agencies.