JPMorgan to back KKR’s 45 bln euro financing in TIM deal -paper
U.S. fund KKR’s (KKR.N) proposal to buy Telecom Italia (TIM) (TLIT.MI) includes a letter of commitment by JPMorgan (JPM.N) to support the 45 billion euros ($51 billion) financing needed for the deal, Italian daily Il Messaggero reported. JPMorgan said in the letter it was ready to lift its commitment above 45 billion euros if necessary, […]
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